Ann: Chinese Mining Fund Signs MoU for Stage 1 DS, page-34

re: Ann: Chinese Mining Fund Signs MoU for St... sorry to be quick again here, but if you want a reasonable comparison of what others are doing, check out CAP - Capentaria. They just sold 80% of their Fe project for $81mill. Difference is this is for 20mt p.a., not 2mt AND also not for a short time frame.

When you make comparisons you see IFE/TRF are not giving away the main prize at all.

Also, if you can take a step back and look at the big picture - you know the one with IFE being a drop in the ocean of Fe producers you will see that they are positioning themselves for far bigger and better things than 2mt p.a. and a MC of 70mill.

I'd prefer they didnt sell 1% of the project, but if that is what it takes then so be it. I trust their wisdom and experience.

cheers
Split