TRF mkt value = M$6.5 mio. 27% direct interest in IFE + 10.8% direct interest in OGX = $4.5mio means everything else in TRF is valued at $2mio. seems there is little recognition for Tin, Manganese, IFE free carry, JV' interests other tenements, etc. anyway. Probably a few out there in a worse position than this. .. focus to keep afloat until market turns is my ask.