Due to being busy guys I have not made any comment so far of the last two very very good announcements.
The negativity that has been spruiked on here is almost laughable. Yes there are many concerns with the projects but you would think they have mothballed this project instead of giving it the green light.
I have done more of my own research via the company and via brokers who are more in the know than some posters here. I will post some of my thoughts tomorrow.
Greenwayb your observations that the buying is coming from some where is not your imagination and they are not afraid to buy and for good reason, unlike some of the sellers.
Also check out CAP who announced 1.4bill resource at 15.5% magnetite today price went up. Now they have to wait to do a PFS then a DFS and maybe in 2014 they will produce and ship from Port Pirrie S.A. They will need a bombshell as well as far as capital yet we need $26m to get started and be shipping in 2011 yet this is to long for people to wait.
What must the guys buying CAP be thinking if some on here think one year is a long timeline? It must feel like an eternity.
Anyway I will comment on IFE tomorrow.
TRF Price at posting:
42.5¢ Sentiment: LT Buy Disclosure: Held
