Ann: IFE Brisbane Mining 2010 Presentation , page-61

Once again we seem to be going around in circles here.

It is all the same transaction here. If the revenue is ~$110 per tonne then the buyer is paying the shipping otherwise IFE could be selling the Iron for ~$140 and pay the shipping itself.

It does not matter if IFE pays the shipping or if the buyer does, if shipping costs reduce then IFE will share in the upside as they either pay less shipping costs or as in this case, the buyer will pay less shipping costs and pay a higher price to IFE.

I agree it may not have been clear at first but I think Ian has made this crystal clear now! This is why he has given the market ranges as things are not settled but even the worst case scenario is profit of $35m in year 1.

Can I also state that I am not against posters who state pro?s and con?s but I would have thought that generally IFE and TRF had more positives than negatives at the moment hence people have bought the shares.

Reading the last few weeks of posts you may not have got this impression as a lot of the focus is all negatives. Fair enough to raise opinions but haven?t they now been made. To keep going on about management options, poor communication etc, just gives a bad impression of the stock ? if so, why hold.

Why not keep balance and state that some things haven?t been ideal but IFE is now positioned to make over ~50% of its market cap in 1 year!

Please know that I am not trying to send down posters but it just seems like the same negatives are going on. If the point is made, people can vote at the AGM and move on. Why keep giving the market reasons to sell!

Regards,
W