I am not saying they are on life support at all. They have close to the largest land tenements base in SA, some great IO assets in WA, and they have the potential to cash in some big money with their OGX and IFE investments if they need to in the near future.
All I am saying is they need to get through the next 6 months or so to get the true benefits of their investments.
They can do this by reducing expenses, hopefully get some cash in from either from a R & D refund like IFE, or via a small capital raising.
The re-assaying of previous I.O cores for tin results is a cheap way to get this price moving up in the mean time. If they found high grade tin in the re-assays, it may confirm a large tin deposit and then we look completely different from today.
TRF Price at posting:
7.1¢ Sentiment: LT Buy Disclosure: Held
