Ann: Joint Venture discussions with Arrium for iron ore sale, page-12

C.W., I thought you were getting a bit carried away with your previous post ($1.70 SP, etc.), but all understandable of course. After such a depressing year from IFE anyone's liable to get carried away by a glimmer of hope. However, realistically, with the current state of the iron ore market, if Arrium were prepared to buy ore from IFE then there'd have to be a quid in it for them as well, so just how much profit there could be left for IFE, if any, is anyone's guess. Of course, in six months' time such a venture may prove viable, but for now I should think no-one's going to light the blue touch paper on the IFE SP and around 10c may be top whack for the foreseeable future. Amazingly IFE is one of the few stocks I actually made money on, albeit just a few coppers. Too bad I couldn't say the same for parent company TRF as well. Good luck to all anyway, especially old friend Petunia.