Obviously you don't much about the history of Trafford Resources when a $1.4 million investment in Robust Resources was turned into a $17 million dollar profit. Positive Recent news that Orinoco project is racing ahead, and the first ore will be lifted in April. Orinoco will be reporting some good cash stream revenues, with activity reports, over the coming months. And we can expect the SP to start going up with It over time, like Perseus Mining PRU which produces around 50000 ounces a year. Worst case scenario the chips can be cashed in with their 16.4% investment in OGX, with funds directed to other projects. All Gold producers are moving ahead with the huge spike in world gold prices. Trafford are heading in the right direction, and have plenty of room to move to raise finance. Offtake agreement, issue more shares, or Farm Out Sell down equity stake in valuable Lead/ Zinc project Telephone Dam project or Zealous Tin project Most ASX tin producers have recently secured finance with European partners, such as Stellar Resources. I'm sure financing will come in the next few months, they must be talking to many parties to get the best deal. The worst is behind them, all regulatory hurdles are In place. Forward orders for Chinese steel makers are at their highest in years, I saw this data on a website the other night. The big bounce in Iron Ore is coming.
TRF Price at posting:
7.7¢ Sentiment: LT Buy Disclosure: Held
