ROY Directors have already advised they are looking for a major partner. This in my mind is the way to go with a project that has so much tonnage proven and indicated. Investors only have to read in detail some ROY’s last announcements to realise that they will be successful in acquiring a major partner, having overcome most or all of the necessary hurdles need to bring this project into a mining operation. Most majors would be interested in a project like this that could support a long mine life. The Razor Back and surrounding areas being drilled by ROY would even at this stage support large tonnage over a long period. ROY investors only have to wait until the first big JV offer comes in to see a healthy increase in value. In my opinion the big boys are running their rulers over this project, the first to jump will be rewarded. This in my opinion is a hold stock.
MFE Price at posting:
13.0¢ Sentiment: Hold Disclosure: Held
