! billion tonne resource, page-3

Micky - quite right - I think 20c per tonne of resource may be on the low side but in any event once an initial 1 billion tonne resource is announced (directors have suggested an eventual estimated resource of possibly between 4.8 and 8 billion tonnes) and the pre feasibilty study for an initial 10mt pa project has been completed the ball game will change significantly IMO with ROY on the radar of the larger industry players.

Good steady, proven management provides plenty of comfort for shareholders - well done to the directors and management team.