I have been trying to remember just when another company has reported such oustanding predictions of tonnage in an area of Australia that has so much close infrastructure but as yet none comes to mind.
These results will flag ROY as a target for some bigger player who would like to have a first class magnetite deposit in Australia at a relatively small entry price. Surely ROY shares are worth more than 20 cents.
Sing Tang a Chinese company who has a large holding will be perhaps having a rethink on whether to bid or wait for a good offer on their parcel.
ROY shareholders should wait its all up from here.
DYOR
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