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dhimurru , check out this link, it should give you answer:15th...

  1. nzak
    448 Posts.
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    29/02/12
    09:10
    Post #: 9767151
    dhimurru , check out this link, it should give you answer:


    15th Dec 2010 Announcement:
    http://www.asx.com.au/asxpdf/20101215/pdf/31vlwbfttkfct2.pdf


    Note:
    IFE only have small quantity of DSO (Hematite 50-60% FE), most of their resource are Magnatite Ore(25-35% FE) which can cost billion capex to produce(require wet process).
    TRF Price at posting: 39.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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