MFE magnetite mines limited
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roy: a possible take over target by gbg

  1. Mongrel
    2,000 Posts.
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    02/10/08
    00:35
    Post #: 4334759
    ROY is, like most stocks, undervalued. Unlike most specs, however, they hold 40% of the Warriedar JV with GBG holding the rest. It could be some of the cheapest premium grade iron ore that GBG could get its hands on by making a bid for ROY. And thats not even considering ROY's other assets, such as US uranium, which are unloved by the market at this time. Its something to watch - certainly as Shine moves from prospect to development project.
    MFE Price at posting: 7.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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