"so what do u think is betetr roy or umc and why?"
I think you should look at market caps and work it out:
ROY $17m - potential but no firm results, maybe stopped by environmental concerns. Does not affect all tenements though. ROY could easily have as much ore as UMC and in similar grades but there is years to go yet.
UMC $130m (7.5 times higher) - Almost certainly has a large, high-grade deposit that can be commercially mined.
Seems a fair punt either way - UMC medium risk, medium-high potential rewards, ROY high-very high risk, potential very high rewards.
As stated above - there will likely some mergers of small miners in the area, possibly takeovers from the big boys, but if ROY can prove up a lot of Iron this may be on favourable terms (?? over a dollar per share).
MFE Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Not Held
