been doing some research on ROY seems too good to be true at these prices, Warriedar likely to be in production late 2009 with high grade DSO iron ore in a jv with GBG, uranium drilling in the US could also be fast tracked to production within a few years with a ready market in the US, currently drilling the highly prospective Prairie Downs next door to GIR and BHP likley high grade iron discovery which could be on sold to BHP or GIR for a substantial amount of cash, has substantial amount of cash on hand to meet exploration expenses and with more cash to come next year with the expiry of 40m options... with a cap of only $35m
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