As I have previously posted ROY is a stock that is very underrated, it has not helped with recent negative posts canning the project, where the knockers failed is they did not visualise just how big the reserves are in the whole region, and the support the South Aust Govt was giving.
Stand buy this project is a goer, more announcements will be forthcoming which will move this project and other players into a new Australian Iron Ore area that will give the Pilbara a run for their money.
Keep in mind that this is magnetite a type of ore needed in the steel mills.
As I posted a week ago, hang into your shares for a mid to long term big result.
MFE Price at posting:
7.0¢ Sentiment: Buy Disclosure: Held
