I have received a couple of phone calls from friends I have recommended to acquire stock in ROY. Both were concerned that ROY were putiingthe cart before the horse by commting to forward spenditure before Razor Back was drilled.
They am perhaps some other holders may have missed the reports that the South Aust Govt have done a huge amount of drilling, assaying and other work on this project. The have even sunk an addit (shaft) into the main ore body for sampling and geochem work.
It is well known in that circle they have proven up over 200 million tonnes ...but.. ROY cannot use these results as they are not JORC compliant.
I am very relaxed that this project is a winner and I am very pleased with Management moving ahead with such vigour.
As I have posted before, within 12 mths this stock will be very valuable, although I doubt whether Phil Crabb and his Directors will still be in control, it will be a huge resouce that the big boys will want.
Go an buy until yor nose bleeds at this price.
The above is my opinion... make your own inquiries.
MFE Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
