I have been lightly looking at this, but plan to do some strong research into it more so over the coming weeks, possibly buying a large amount end of next month, early the following after the options have done their damage.
So in this time was wondering how many people have done any detailed research into this.
The reason i titled this thread AGO vs ROY as it smells a bit like AGO 5 years ago, I guess i want to find out how much so?
Are there any geologist out there or people in the know properly looking into this one?
I see they have other plays like Urainium, but i think U stocks day in the sun is still a long way off yet. So this Iron play may be the go getter for now.
in 2005 AGO was worth $26mil not that different to ROY, AGO today is about $1.2bil, and it took them 3 years from drilling to their first iron ore delivery.
Am i right to use AGO as a yard stick? or is this not the same deal?
would value anyones feedback who property understands the reports and possible potential..
MFE Price at posting:
24.5¢ Sentiment: None Disclosure: Not Held