Legacy Iron Ore Ltd (AU:LCY) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Legacy Iron Ore Ltd has reported having $4 million in cash and anticipates increased revenue following initial high-cost mining activities. The company is exploring capital raising options to support ongoing operations. However, auditors have raised concerns regarding the recoverable amount of the Mt Celia project, due to discrepancies between forecasted and actual performance, with management providing explanations and planning to access higher-grade ore.
For further insights into AU:LCY stock, check out TipRanks’ Stock Analysis page.