40'll post this on both ife and trf threads, as is usual, it's pertinent.
ife, is soon to be 'the producer' with mountains ('scuse the pun) of exploration potential. however, once the funding is arranged (forgone conclusion now imo) and the machinery starts loading the product there'll a better idea of how to assess the profit potential. not many 'good' young producing miners stay independent for very long when they have a solid future. no matter how tightly held ife is, it will very likely be having the slide rule run over it in a yr or so's time if not already ? a bigger outfit or some chinese investors would almost certainly want in, especially if all the sums and potential add up. for mine there is little doubt this will be the case. trf, in it's own right, will be able to continue but with a sizable chunk of cash in the kitty. aimho of course but the money's down on this one. the next two yrs will almost certainly be the best in the history of ife to date.
be good,
40.
TRF Price at posting:
29.5¢ Sentiment: ST Buy Disclosure: Held
