Major, I would be naive to believe that ROY will ever mine Razor back on their own. It is just to big a project.
I would assume they will very quickly start drilling to prove up a grade and tonnage to confirm the early promising results obtained by the Sth Aust Govt.You are correct by saying that info is too old, but never the less it is there for them to use to expidite where they will target the drills.
The reason I posted the information on magnetite was to inform investors it is not a dirty word but one that can make a lot of money.
Be it as you say in your post, I believe there is some very good value in owning ROY stock. Let me tell you I will probably not be a holder of ROY stock when someone eventually sends the first shipment of concentrate but I am confident that the price I sell for will considerably more than todays price.
MFE Price at posting:
7.5¢ Sentiment: Buy Disclosure: Held
