INTRIGUING he just left ROY at a time when PDN announces capital raisings for "growth by M and A" intentions.
How much DSO haematite in ROY's 40% share of GBG "SHINE" JV ? Whats the IG buyout price these days if u have the cash .... $1 - 2 bucks / tonne ?
My SPEC-EST is that MID TERM SUPER FUND FAIR VALUE for SHINE might be say 4 times higher than current market cap.
But the new U-ground in the NT containing 2 old high grade U-mines untouched for half a century adds a whole new SCINTILLATING dimension to ROY's near term upside potential. And them breccia pipes within truckin distance of U-plants in the US ?
Closing price nudging the pinching triangle today ..... technically PRIMED right now IMO.
Sensational value growth stock for the SMSF from current ridiculously low 11 mill market cap for mine and now very active on the ground. Wouldnt surprise me a bit if the Chinese are sniffing around given both the Iron Ore + U flavour. They sure are showing increasing interest in both atm.
There is a sweet smell coming from the royal northern lands !
IMBOOC
MFE Price at posting:
6.5¢ Sentiment: Buy Disclosure: Held
