price firming on the sound of pennies dropping, page-25

Agree on pricing, $80 a possible negative spike, but $100 more of a steady floor.
Also Rio and BHP made massive capital investments on increasing production capacity in the Pilbara over the last 4 years so they could keep producing at low prices, outsell those with high debt overhang and prevent African hematite and Aussie magnetite projects from coming on line.
With such low grades, ROY looks like it will linger on the shelf for quite a few years.
Maybe Mr Crabb can use his spare cash or cash injection from a JV partner to buy into a gold project - if they don't suck it all up on salaries???
A new project may breathe life into the share price.
For now I am forgetting this one and moving on...
Cheers,
ST