In my opinion there are 3, possibly 4 triggers that will get this SP moving within the next 12 months.
1) Favourable gold results 2) Mining operations start/ramp up 3) IFE SP appreciation due to profits from mining operations 4) Free carry interest + free gold sales producing profits for TRF
I think the two that have the most potential to considerably boost TRF's SP is the gold results and the free carry interest / gold sales.
Potentially the release of the feasibility study could impact the SP, however i think the points i've listed could be the most beneficial.
If those 4 points go to plan, this time next year I really can't see the SP being anywhere near 50cents. However, how often does everything go to plan?
TRF Price at posting:
51.5¢ Sentiment: Buy Disclosure: Held