ROY is, like most stocks, undervalued. Unlike most specs,...

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.