Ann: Chinese Mining Fund Signs MoU for Stage 1 DS, page-43

re: Ann: Chinese Mining Fund Signs MoU for St... I agree that IFE will not be re-rated to much more than $3 IMO for the next say 1-2yrs.

However, in a year or two, once the cash is in the bank, and Stage 2 is getting underway we will have every reason to revalue the company on the stage 2 figures. My guess is that with <50mill script issued, cash in the bank and a MASSIVE cash spinner underway, we will be far and away over $3. Just MO. Do the figures, think about what stage 2 is going to be worth. Think about the fact that they are looking at upping the W.H. magnetite resources by 4 fold. Think about the exposure they will have at that point to the broader market, the press, etc. So many things to look forward to.Isn't it interesting that we are now all discussing stage 2? It was only a yesterday that we (including me) probably didn't even worry too much about stages 2 & 3. But now we are, and IMO, this is a reflection of management looking at the big picture. Much the same as the Chinese do - don't worry about tomorrow too much, because if we can worry about, and sort out the next 10yrs we wont NEED to worry about tomorrow. Its called planning, and foresight, and it is why i'm not disappointed in the recent announcement. It is a clear, robust path forward and that is what i want from a long term investment.

And that is my 2 bobs worth :)

cheers,
Split