price firming on the sound of pennies dropping, page-22

Ironic, because the only angel that could breathe life into ROY would have to come fromChina as no other source of funding here for a low grade Fe prject requiring huge capital investment and no bank on the planet would fund their planned development unless iron ore was a steady $200 a tonne based on their production plan. Board has enough cash to park it for a while if they stop bleeding it into salaries, but that won't help the share price and in a few years they have to come up with $20M++ to finalise project acquisition. Looks like they are in a corner...hence the current market valuation