Not sure how much truth is in the FMG rumour if what you say is in regards to the continuous miners they are using.
Iron ore is still a much needed commodity and demand may slow down a little but still not below current supply for the next 2-3 years at least.
As for ROY well they have plenty of cash to weather the storm not like a lot of other explorers who will struggle as the kitty gets depleted....they may even sell off their GBG JV tenements also...
Got some good ground in the Pilbara with imminent drilling about to commence as well as stuff happening on the uranium front in the states..
Put it this way I wouldn't be selling now with both field seasons about to kick off and the market in the doldrums and the sp at all time lows....If you can afford to top up at these levels...Monday will be OK
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