ROY is the minnow of the group of 8 at a miniscule market cap cf to the others. It or its DSO haematite asset will be taken out somewhere along the way.
Interesting it also continues to drill solo on its DSO target ground. A new find would certainly add leverage PLUS the possibility of solo production outside the GBG JV ?
Financing wouldnt be a problem cos it is DSO ..... no processing hence major capex requirement. Why wouldnt ROY be capable of going solo with DSO shipments from its 100% ground ?
My point ...... whats DSO ore worth these days IGV espesh if close enough to be another's resource addition ?
How much DSO do we thing there is ....... what order of magnitude tonnage likely ....... 10 mill tonnes? 100 mill tonnes? more?
Thats the safety net for the mid-term "risk" part of the reward / risk ratio which must be considerably more positive than current minsicule market cap. Only 92 mill shares dont forget.
But thats the mid term for the mid west haha.
Personally tho its the radiant stuff which has captured my imagination ... and thats SHORT TERM ...... nice to know we start hearing things soon ..... taa for the good news.
Lotsa ACTIVE targets in the "right" market sectors viz URANIUM and GOLD, cheap stock on FA, technos looking very nice ... buckle up bros as she evolves her a-b-c short term methinks ... next main taget is the long term down trend line a few cents above ... with confirm breakout firing the booster rockets.
Its all there ...... s/t reward high ... l/t risk zilch ... "right" sectors ... a welcome and significant addition to my U-boat fleet with plenty of IRON (ore) for ballast haha.
Exciting prospect all time frames .....
IMBOOC
MFE Price at posting:
6.5¢ Sentiment: Buy Disclosure: Held
