Ive been a shareholder of ROY for a few years now. 98% of my interest in ROY is for their Uranium assets.
Im really not impressed with this latest project. I thought the grades of Fe were rubbish and its got a whole lot further to go to get to the buyers...ie Asia.
I really hope that this IS just a project driven by management to generate funds by selling it off down the track to further their Uranium projects....or even their W.A I/O.
This stuff in S.A is a waste of time imo.
I continue to hold ROY because of their uranium and hope they come up with some significant results from drilling in the U.S and N.T.
Im not really sure why the sp has rallied based on this latest announcement.
MFE Price at posting:
11.4¢ Sentiment: None Disclosure: Held
