Haha Marcus has obviously attended the Olympian School of Imaginative Strategy and has the GORM Rules 1 - 3 firmly entrenched in his brain by looks of things. Very impressive ... sounded like I wrote it haha. Yeah ok u got me, my realname is Marcus haha.
OK enough with the egotrip but gotta say it has been a SATISFYING day alright. Razorback aint an investment in iron ore ... its an investment in available INFRASTRUCTURE. That was the thing which IMMEDIATELY hit on the first announcement and now its spelt out with i's dotted and t's crossed.
And I wouldnt worry about the capex required ahead ... did GBG have to pay a cent for their magnetite company maker ??? Shizen, razorback may even get off the ground ahead of them haha (love to dream !). All they have to find is a few mill to get the PFS into action ... should be easy enough in this market ... but offer it to SHAREHOLDERS FIRST bros ... there will be plenty of underwriters around to pick up any slack !
Anyway cos Ima kinda disciplined pivotal trader with parcels, with MO aimed at reducing the costs of my L/T core investment ... which aint going to be touched until realisation of this dream cos by Zeus, it doesnt look THAT complex and reckon they may already have the handshakes on the evolutioanary path ... I HAD to take a few off the table at the L/T D/T line, which is where she paused this arvo.
But now watching it closely in case it doesnt stop there for too long haha !!!
Great preso and will attract major interest ... u can see the RIO polish on Marcus shine. And he IS an iron ore man lest we forget.
BUT originally I too actually picked this as an emerging U-boat and we have been assured the focus on the U aint gonna abate one bit becoz of this latest vision. That and the seemingly incestuous relationship between ROY, THX and PDN, kinda suggests to me we aint heard it all yet ... and we know there are several scintillating drill programs in progress or about to be.
Fair value ROY now ? Wouldnt have a clue cos it all depends on the how and when next. All I can say, current market cap is a touch over 20 mill and the boyz are now dreaming REAL BIG ....... a billion tonnes of iron ore for starters ??? These numbers are too big even for my brain to comprehend so I'm gonna settle back in the armchair and do what Jesse would have done on this kinda action .... sit back with a scotch and dry and light a cigar haha !!!
Gotta wait and see what market does with us next. But she's already a winner for mine and now for the details.
So MAX CORE INTACT AND OUT OF SIGHT FOR THE GRANDKIDS ... and finger on the trading trigger to see what we do next with the L/T D/T line haha.
BRAVO ROY ... dreamcatcher supreme ... I am over-awed ... and that aint easy to do !
IMBOOC
MFE Price at posting:
12.2¢ Sentiment: Buy Disclosure: Held
