here is a lowly scenario.
2Mtpa at a very conservative 20$ profit a ton. Of which 80% goes to TRF. Not to mention Gold credits.
That would be about $32 mill + plus gold credits.
OK IFE has $8 mill pa to use on the exploration of Hercules.
Then they will be be needing money to get that operation of the ground. TRF will have that cash, Can I smell a another 80% to TRF JV coming up there?
all this market and with gold going nuts all, page-15
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