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clock Created with Sketch. 22/07/14
14:58
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Originally posted by BLOG
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Hi, Dhimurru, IMO! Difficult to exit a stock worth only $6 million, virtually no market for the shares so I think its probably worth hanging in too! I do, however, think TRF is spreading themselves too thinly over too many projects, these are NOT boom times but I get the impression from IF's numerous announcements ( most of which appear to be a trifle generalised) that he'll be able to sway the punters with his magic, (Aladdin's cave and all that rubbish!) Unfortunately the days of easy speculative money are over. Its difficult enough to market a real goer nowadays, cashed up J.Vers are as rare as hen's teeth. IFE is reliant on a pick-up in the iron ore price coupled with a (hopefully) realigned Aus$. Unfortunately IFE's DSO is not the most competitive in the market, it doesn't crop out , so some overburden has to be removed. There is also the 150km haulage to consider. Is the haulage road asphalt? TRF needs IFE to work , lets hope the dollar does us a favour! Frankly I'd be concentrating on the tin prospects, TRF have latched on to a tin rich granitic source IMO the obvious target. Tin exploration is laborious and expensive exploration but a commodity that will surely remain in demand. Definitely the prime target. IMO graphite is a very specialised niche market. Can't comment on manganese but there's an awful lot of it about. OGX will have to look after itself, high grade gold intersections are not necessarily translated into viable gold mines, TRF has 10% plus of OGX a handy holding if it comes good though. I'm being pasted by TRF. Lets hope it comes good BOLTA!
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BLOG - well said, mirrors my own thoughts / position.
