re: Ann: Clarification relating to unsubstant...
I dont think Marcus was very impressed by unsubstantiated rumours & opinions aired by anonymous individuals--you have to be suspicious of intent when a non-holder would want to intentionally devalue a stock.
Royal Resources shares have been over-sold in my opinion.
I am aware of higher capex for magnetite developments.
A stranded hematite deposit could be more expensive.
The trump card for Razerback is access to infrastructure:
Ports--Rail--Mains-Power--Labour--Adelaide to name a few.
I will continue to hold a stake in one of Australia's largest undeveloped magnetite deposits.
Cham
MFE Price at posting:
6.0¢ Sentiment: Buy Disclosure: Held
