hi Lex
The market waits for tonnage.Plus with magnetite, a strong sense of direction, like CAP
The market will buy magnetite if it thinks the project is a goer, eg. GBG
As for Crabbe, he was not involved in the UMC disaster. He opposed it.
As for magnetite deposits, they are valued at about 20 cents per tonne.
ROY has 277mt, worth $55m
Current market cap fully diluted less options cash is $50m
regards
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