Large bounce in the Iron Ore Price in recent days. Only one last hurdle to clear before TRF to start their 1st shipment in the oncoming months.
From IFE Quarterly Activities report:
The public consultation for the Lucky Bay Development Application closed on 11 July. Three (3) public submissions were received and IronClad is currently responding to those submissions. Two (2) of the submissions requested a hearing from the Development Assessment Commission (DAC). A full sitting of the DAC will now be required to consider the submissions along with the IronClad response. A date is currently being set for the DAC hearing and, while not yet confirmed, is most likely to be scheduled for mid-August 2013. A final approval decision is expected within 10 to 14 days of the DAC hearing.
TRF Price at posting:
10.5¢ Sentiment: LT Buy Disclosure: Held
