sushi,if management were as useless as you suggest I would doubt...

sushi,

if management were as useless as you suggest I would doubt we would be raising funds for DSO crystalline magnetite production - we would instead be raising funds for continued exploration of the high CAPEX magnetite (that was once the original focus) with a view to mine in 2014 or so.

You must give credit to TRF/IFE management for reinventing themselves and the resource investory, and also their determiniation to enter production in the short-term.

that is my perspective anyway.

cheers
Split