re: Ann: External Review Confirms Strong Econ... http://www.globalpost.com/dispatch/news/xinhua-news-agency/140601/australian-iron-ore-producers-expect-further-price-drop
Follow on what I said on 31/05 (previous post)... CUT COST!!!! Must get admin fee down below $500K per year and stop spending on other activities.
ROY has $3m cash, but burning fast. When money runs low, how do you do a capital raising when iron ore price is at $80/t? ROY directors please plan ahead before you spend.
Iron ore producers saying can expect $86/t soon.
Just IMHO, do your own research.
Ann: External Review Confirms Strong Economics of, page-7
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