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161 Posts.
3
21/04/10
10:19
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Just look at the numbers in the announcement.
Stage 1 alone
2M tonnes per annum * $50 margin for 3 years = $300 million PROFIT!
TRF + IFE combined are only worth around $130 million TOTAL MARKET CAP
and with this $35 million injection from Chinese Investors and Steel Makers TRF/IFE carry much less RISK!!!
This is only the beginning with Stages 2 & 3 potentially huge!
VERY VERY POSITIVE DEAL FOR BOTH IFE and TRF!
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