Dont get stressed out Sing Tang will not walk away from the best magnetite deposit in Aussie land.
I have taken a positive message from their crack at Sphere, they obviously have a very high regard for the future for magnetite and want to grab as much as they can before the big boys get control. Xstrata must have the same plan, doesn't this give shareholders some insite as to just how good a deposit Razorback is.
ROY shares in my opinion are undervalued and the pennies will fall very shortly.
MFE Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held