Not much of a response this morning to what is a great announcement. Confirms the gold (which is 100% TRF) and will add to the 20% free carried profit from iron ore from early next year.
Potentially, trf could be receiving $20 mill profit from iron ore plus 5-10 mill from gold per annum.......
that would mean (after the conversion of rights) approx 25c per share profit from the start of 2011.
WAKE UP PEOPLE...
trf finds significant gold again
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