Nate, my view is that TRF has moved in to the highly speculative category in the last 2 weeks. Previously it looked to have reasonable expectation of regular cashflow from free-carried interest in W. Hill project but now, with the debacle which is IFE, that is seriously in question. The second string to the bow is exploration activity and that seems promising - but there are plenty of explorers out there doing the same thing. The real worry is that available cash will run out within 7 months at the present burn rate. What happens then ? I have cashed out a heavy loss in IFE (before it gets worse) but will hold TRF with fingers crossed. Of course, this is just my opinion and I hope for everyone's sake it proves to be completely wrong !
TRF Price at posting:
18.5¢ Sentiment: Hold Disclosure: Held
