SP,
check out last night's FOMC meeting - the US Fed is worried about DEFLATION! what a load of rubbish! but anyway, more cash being splashed around the system will add to inflation, and commodity prices generally. Appreciating Yuan will also assist maintaining Fe demand.
I appreciate you are trying to be circumspect and not count your chickens before they hatch, etc, etc, and i think the market is agreeing with you at this point. IMO, TRF/IFE are both priced as explorers with a resource, nothing more. If investors believe that they will be in production very very soon (as I do) then IFE/TRF pose a very cheap entry into significant near-term cashflows. Assessment of this is for each investor to make - I am buying both stocks.
cheers
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