Hi Micky & SmuckListening to the last audio broadcast at the...

Hi Micky & Smuck

Listening to the last audio broadcast at the 7.05 minute mark MF seemed to indicate that negotiations were advancing well with a potential financier for the project.

It would not surprise me that once the PFS is released and hopefully confirms that ROY have a viable project then an announcement about financing with one of the overseas institutions that took up shares in the last placement may not be too far behind.

With MOU's for Rail and Port and a potential resourse upgrade above 1 billion tons in the near future,I think the new year will see a re-rating of this stock.

This stock has flown so far under the radar it astounds me the share price is what it is. There are not too many companies out there at the moment that have a transport solution for their resource deposits with most deposits remaining landlocked or requiring expensive road transport costs to get to port. Are magnetite projects that much out of favour or is it just the location to their potential market. Either way the market seems to be substantially discounting the potential of this stock.

Good Luck to all shareholders and as always DYOR.