ROY has the proven ore in the ground and with the iron ore price stable and in fact rising I think in the near future they will achieve their goal of getting a high profile overseas partner, there is no doubt of this in my mind. We all know ROY is grossly undervalued and as such in my opinion when the partner comes in the price will go up.
THX is a different kettle of fish, they are still in the exploration game but in my opinion they have some good blue sky exploration targets.
The new Geo is approaching THX targets in a different way, the first one being Sophie Downs which has just been drilled. Previously the departing Geo had a different idea where the goodies were, I thnk the new approach will throw a complete different light on just how good a project this could be. Keep in mind that should they find a mineable ore body the Plant that Pnoramic have is close.
There top project is Allamber and they will be drilling this again within the next couple of weeks.
THX is a specy, but at 3 cents a good punt.
MFE Price at posting:
3.7¢ Sentiment: Buy Disclosure: Held
