Major .... I paint with a broad brush on intangible valuations...

Major .... I paint with a broad brush on intangible valuations when I cant find a resource size figure, but suffice to say I was first alerted to ROY as being the poor man's GBG when last time in mid 30s making a failed attempted reversal upward before proceeding in its 5th and final major wave down.

Back then analysts assumed GBG would move on the DSO haematite first cos that was simple case of digging it up and shipping it out. I believe GBG's primary haematite reource extends into the ROY 40% JV ground. It was suggested to me by savvy observers ROY would be a 3 figure price on that kinda decision.

However the fact that China surprisingly opted first for GBG's other stuff which ROY has no share in, meant priority shifted and ROY was left adrift re its mid term prospects of becoming an iron ore producer. THAT DEPOSIT HAS NOT DISAPPEARED tho and tonnages in that part of the world aint small .... whether its 20 mill tonnes at 5 bucks/tonne IGV or 100 mill tonnes at 1 buck/tonne IGV, it still makes a buck a share and kinda fits with previous market expectation for ROY at the time.

The fact also that ROY is only one of 8 members of the Geraldton Alliance and totally insignificant wrt market cap versus the rest, also means (to me) that its only nuisance value and has to be taken out once the alliance become serious players in the short - mid term.

ROY IMO represents additional reserves for GBG's future heamatite operations which will certainly be big money spinner and 40% of the extension aint a size to be sneezed at. Note also the FURTHER DSO grades being hits in nearby ROY solo areas coming out in last Q report to entice the senses even more. Thats the BASE for future SMSF investment foundations mid term with assimilation likelihood by the cashed up partner.

But That aint the reason I have recently warmed to it. URANIUM is, and anyone following my musings will know the only two sectors I am interested in over the next 3 years of (MY) expected final primary downleg of the MEGABEAR which began in FEB 2000 (MY GORM) are GOLD and URANIUM.
And last Friday's Q report re the URANIUM plays combined with recent price TECHNICAL pivotals triggered an urgency to add ROY to my U-boat flotilla.

U need to do some serious delving into both ROY and GBG ASX report archives to get wholistic feel for whats evolving and on a reward / risk basis. ROY's miniscule market cap / tight register / chart pivotal technos combo and current and longer term project status make it a compelling story for urgency. If u wanna play , u need to be in it now IMO as awareness also makes it a momentum play with techno pivots taken out with ease.

So yeah, straight thru first pivotal resistance 11.5 with intraday pullback to successfully retest and close on highs. Music to a techno's ears. But its the IMO grossly discounted price cf FAIR VALUE FUNDAMENTALS backing a VERY SEXY Uranium drilling program now underway which IMO makes ROY a now must have. The North Americans will be over this like a rash on any kinda sniff in the US drill programs about to get underway and local targets are also known to them via its Canadian partner.

I doubt there would be many holders making any money under side of the 24 pivotal level where it really broke down from. So not sure whether to expect a retrace yet ... it actually completed one minor pullback requirenment intraday to 11 IMO ... and it sure feels like the start of a "third".

But lets see what tomorrow brings as personally havent completed my core holding requirement so wouldnt mind a little retrace .... then again still is fundamentally soooo cheap IMO.

May the Gods be with us but sure looks an emerging winner over coming weeks and well beyond.

Good luck bros.

IMBOOC