There is absolutely no way ROY can mine IO on its own.They do not have enough ore to get a foriegn backer and because of the shift in focus to uranium they will never have enough money to do it themselves.Their only hope was/is GBG.They either have to wait until GBG want to mine Warriedar or sell it to them.As GBG would be the only buyer for 40 percent of the deposit,they will be a price taker not a price setter.Forget ROY as an IO producer,it simply wont fly anymore.Sadly.
MFE Price at posting:
6.5¢ Sentiment: None Disclosure: Not Held
