Of course will take years to get to 4.8Bt. I am aware will only be around 500mt+ at similar grade (look at timetable in presentation). The board is still very confident about 4.8-8 bt based on km/mt ore discovery.
Current cash position will NOT able to fund all the drillings to 4.8bt, so may be share issues in the near future.
I am interested to know ROY's other projects in WA, eg JV with GBG. I wonder how's that going?
MFE Price at posting:
18.5¢ Sentiment: Hold Disclosure: Held