Micky,the current global (south europe+USA) financial situation...

Micky,
the current global (south europe+USA) financial situation is a worry. On the plus side, most commentators now believe iron ore will not be in oversupply till 2018 - thats the view of Vale, Meryll Lynch, and HSBC. Today's t/o of Sundance by Hanlong announcement supports this view - mostly low grade ore (yes, they do have some LG DSO) a long way from the coast, a long way from China, and with a massive captial intensity (>$200/t). The driver for ROY must be to find a partner and early production.

Time will tell, of course, but I'm building. Not too many independents left, and this one came from nowhere,like a good race horse!

woof!