MGT - Magnetite Mines

[gilbertw]

This is a copy and paste from another chat site. It says this:

Royal Resources (ROY) is micro cap company, current market cap of $25 million.

Has iron projects in the mid-west that contain 50-60 million tonnes of DSO and has strong ties with Gindalbie Metals (GBG) with a current market cap of $450 million and flying. The company leases surround and intertwine this major player and ROY should be up and producing from these iron ore properties in 2008.

Recently the company has acquired some very prospective Uranium tenements in the USA. Details of these properties which are located in Utah will be released soon. Utah has long been regarded as one of the best areas for huge reserves of uranium mineralisation and is thought to contain. very significant deposits.

The company has acquired these properties through the same people that managed to get Western Maetals uranium properties (WMT) whose share price has ten-folded in the past ten months and has a current market cap of $160 million.

Citigroup have taken a 5% holding in the company and word is the Americans have been accumulating this, as they know the American connections have the influence to secure some terrific uranium properties.


Once the company makes their announcement about these great USA uranium properties, this will provide positive exposure for the company and investors will begin to take notice of this micro-cap. The iron ore properties are extremely good and I believe this is a great opportunity.

Would anybody agree?

 

[Go Nuke]

Re: ROY - Royal Resources

I liked the look of ROY mate, so picked some up today at 50c.

Lets hope it pays off.
ALot of Iron Ore action at the moment in the West.

Have you got any idea on ann dates?
There doesn't look to have been many lately that directly affect the market..so that might mean there's one on the way...maybe..hopefully

Do u have any maps or links that show their tennaments close to GBG'S?
Thx and
Goodluck

 

[Bushman]

Re: ROY - Royal Resources

Found the following map on the ROY website. Its basic but will give you the lay of the land so to speak.



JV with GBG is the Warriedar Joint Venture Project [South Murchison].

The following is a description of the JV contained on the Royal website:

'The Warriedar Joint Venture with Gindalbie (earning 60% interest in the iron ore rights by the expenditure of $1,000,000 on exploration over 3 years) covers tenements in the central area of the Midwest iron ore province.

Recent regional mapping and surface sampling by Gindalbie identified a number of significant targets called the Lister, Gap and Shine Prospects. A fourth target at the Hippo Prospect identified high-grade iron with low-contaminants.

Phase 1 drilling has been planned to determine the significance of these zones and work has commenced on preparation of a Plan of Work (POW) to submit to the regulators. Detailed mapping of these zones are underway with drilling planned for the June/September 2007 quarters.'

Seem to have a fair bit going on but my research is in its infancy. I do not own any ROY at the moment. Waiting for the market to chill out a bit in the next few days before choosing an iron ore stock. Helluva a lot of choice at the mo. Good luck.

 

[Captain_Chaza]

Re: ROY - Royal Resources

'The Warriedar Joint Venture with Gindalbie (earning 60% interest in the iron ore rights by the expenditure of $1,000,000 on exploration over 3 years) covers tenements in the central area of the Midwest iron ore province.

Crikey!
$1m over 3 years is not very much IMO when you devide by 3

After some petrol money and a few expepses I doubt if anything better could be achieved with such a poor allotment/investment into prospecting

Go figure!
Figure Out the figures ???
What could possibly be achieved with such a poor lot

 

[rustaman]

Re: ROY - Royal Resources

I liked the look of ROY mate, so picked some up today at 50c.

Lets hope it pays off.
ALot of Iron Ore action at the moment in the West.

Have you got any idea on ann dates?
There doesn't look to have been many lately that directly affect the market..so that might mean there's one on the way...maybe..hopefully

Do u have any maps or links that show their tennaments close to GBG'S?
Thx and
Goodluck

Readers may also be interested in the options (ROYOA - expiring Jul 09)
currently trading around 35 cents, which offer greater leverage cf the shareprice.

 

[Go Nuke]

Re: ROY - Royal Resources

Ah thx for that
But I know nothing about options, so I'll steer clear of that

Might just use this stock as a learning tool.
Ive not invested much.

 

[stefoid]

Re: ROY - Royal Resources

'The Warriedar Joint Venture with Gindalbie (earning 60% interest in the iron ore rights by the expenditure of $1,000,000 on exploration over 3 years) covers tenements in the central area of the Midwest iron ore province.

Crikey!
$1m over 3 years is not very much IMO when you devide by 3

After some petrol money and a few expepses I doubt if anything better could be achieved with such a poor allotment/investment into prospecting

Go figure!
Figure Out the figures ???
What could possibly be achieved with such a poor lot

Just because they have 3 years to spend their 3 million doesnt mean they have to wait that long.

GBG wants to start DSO from this venture by mid next year, so its in their best interests to prove out their resource by extending into ROYs tenements.

Even so, ROYs uranium JV is likely to be a shortest term driver

 

[Captain_Chaza]

Re: ROY - Royal Resources

You must also always remember

The more time "They" have to cook the Books

The more "The Book's are Cooked

Ask Any One?


Salute and Gods Speed

 

[Captain_Chaza]

Re: ROY - Royal Resources

Only a Joke !!@!

But as in any GOOD joke
There is always a miniscule amount of reallity

Salute and Gods' Speed

 

[stefoid]

Re: ROY - Royal Resources

some interest in ROY this morning. I wonder if it has anything to do with 60 minutes coverage of the pilbara last night?

 

[Go Nuke]

Re: ROY - Royal Resources

Was ROY mentioned in that?

Iron ore is still very hot property!

I heard about the 60Minutes story and have to watch it online now.
As a Boilermaker, Im very tempted to try find some fly in/ fly out work.
The hourly rate is crap in the city. REALLY crap.

I grew Up in the Pilbara, so going back wont be that hard. The money will help too.
Anyhow, your right it is great to see the share price up today

WOW! Up 19.8% at the moment!

 

[stefoid]

Re: ROY - Royal Resources

$100K for driving a big @$# truck

On second thoughts, I think ROY is riding GBGs coat tails with the resource upgrade today. the announcement was very bullish about the regional exploration prospects and ROY has a JV with GBG in that area.

 

[Go Nuke]

Re: ROY - Royal Resources

Ah ha!
Yes i did see that GBG was up today.

I noticed that the company on 60minutes Atlas Iron (or whatever it was called) was up 18%.
I wonder if anybody bought some shares BEFORE the story went to air!

Have a look at Portman Limited for an excellent sp graph! (PMM)
Oh how I wish i owned them
Talk about capitalising on the Iron ore boom!

 

[popy]

Re: ROY - Royal Resources

What do people think the better long term investment is?? GBG or ROY. Maybe hazard a guess of sp in 1 year for both. Also does anyone know if there are share options for these companies and if so would u recommend them or not?? Any help appreciated!

 

[doctorj]

Re: ROY - Royal Resources

Sorry popy, people cannot legally provide the type of advice you're requesting in a forum environment.

 

[stefoid]

Re: ROY - Royal Resources

Ah ha!
Yes i did see that GBG was up today.

I noticed that the company on 60minutes Atlas Iron (or whatever it was called) was up 18%.
I wonder if anybody bought some shares BEFORE the story went to air!

Have a look at Portman Limited for an excellent sp graph! (PMM)
Oh how I wish i owned them
Talk about capitalising on the Iron ore boom!

I bought some AGOO for $1 and sold them this morning for $1.50

Rolled the profits into CSE which I like a lot. Hopefully Atlas wont make me look like an idiot any time soon. Like the stock. But if a stock goes up 20% due to a 60 minutes reort, I reckon Ill be able to buy them back cheaper in a week or two?

 

[stefoid]

Re: ROY - Royal Resources

What do people think the better long term investment is?? GBG or ROY. Maybe hazard a guess of sp in 1 year for both. Also does anyone know if there are share options for these companies and if so would u recommend them or not?? Any help appreciated!

Easy. ROY has more potetntial to multiply its SP from here than GBG which has already run hard, but ROY is much riskier.

 

[Go Nuke]

Re: ROY - Royal Resources

We seem to have hit a wall of resistance at 60c....

I guess the good news is everytime this stock drops, it picks up pretty quickly.
Things still looking pretty good.

 

[Go Nuke]

Re: ROY - Royal Resources

ROY closed at an all time high of 61.5c today.

Does that interest anyone still?
I reckon the chart is still looking good.
Though I would like to see it continue to push north (or course)

 

[stefoid]

Re: ROY - Royal Resources

Breakng 60 looks significant from the chart, especially on a day like today. Hoping for some kind of announcement to draw attention to the stock.