MFE 0.00% 1.0¢ magnetite mines limited

ROY, page-3

  1. 1,980 Posts.
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    Micky

    I forgot to add some other obvious points :-

    Only 350m shares
    Top 20 own approx. 60%
    Market cap of just $13m
    NPV stated as being $2.9 billion
    Only drilled 22% of the area
    Plenty of room for upside
    Number one share holder is providing major infrastructure costs of circa $1 billion reducing capex for ROY and makes the project even more viable
    Not only close to roads & power but also close to skilled labour work force which is often a deal breaker with other projects

    Wouldn't take much to move this along if confirmation of Feasibility Study funding becomes a reality IMO.
 
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