still highly undervalued by my figures..., page-9

Fisho- I am absolutely OBESE in this Small Cap. Management drew me in with a fine preso. I am unconcerned ATM- as all is on track and are all working hard to meet deadlines.

Obviously not a ST play, I will be surprised if this is not double to triple bagged by the end of the year.

As becoming producers will rerate both TRF and IFE.

TRF still the biggest bargain IMO... Yet I been saying it for months now.

Only time it was near fair value was when the ROL shares were offerred as dividends. Did not really like the ATO judgment, as I had enough and sold ROL to get a larger than expected bill from ATO. Whilst TRF shares slid.

Amazing to me that it is priced at such a HUGE discount to current assets. I feel safe with this play, providing the Iron Ore goes out the door this year.

Cheers