Ironic, because the only angel that could breathe life into ROY...

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