approves port development, page-10

I agree with all of that 40. The thing to remember is that both IFE and TRF are very small cap stocks and most punters will not have a clue as to what is going on (unlike we long-termers who have been following developments daily). This is even more so for TRF because its 40% interest in Wilcherry Hill Fe and Mn is not that easy to recognise until you start investigating.
I think we are more likely to see a gradual re-rating over the next few weeks rather than a sudden jump. Meanwhile, I have taken the opportunity to add even more to my alraedy overweight position . GLA