Didnt think these US breccia pipes have been drilled but are in final permitting stage ? U gotta read the recent updates, preso and Q report to try and piece together. I havent seen any recent drill announcements have you?
Suspect the U and gold programs are new and actually impressive and all about to be done same time over coming weeks / months, so it may be ROY is an accident waiting to happen on any kinda sniff from any one of several concurrent programs whilst their DSO iron ore resource sits on the shelf for now ... thats another accident waiting to happen IMO.
Market action today ... distinct lack of profit taking ... implies (to me) recent buying is still very early days accumulation only. Coupla more quiet days and we might see another sharp leg up toward next target since first was sliced thru, retested and bounced off intraday ! Got a very strong techno - feel to it and market cap only about 12 mill still. If anyone wants stock in a hurry, might need to get thru 24+ to move into first stale bull zone ... IMO.
Then we have a L/T D/T line just above that which could add further fuel to the fire on breach.
Dont know anything about directors and would appreciate any comment re their reputation / credibility. Agree would love to see a bit more cohesion in reports but happy to forgive that if they can provide us with positive drill results near term haha.
That gold play / 50 shallow holes about to start is something I didnt consider at all tho. Cant place a finger on how significant but if they can repeat those earlier hits over ground can be significant beginning to another significant project.
LOVE to think we have a Uranium/Gold combo play here cos they are the two PRIORITY sectors I am comfortable with over next 3 - 5 years in my SMSF.
Most curious to see what offerings expose over next coupla days.
IMBOOC
MFE Price at posting:
7.3¢ Sentiment: Buy Disclosure: Held
