I've seen it before and I will see it again. A couple of years ago I remember when Fortescue FMG were going up 20c a day when FMG got granted acces to BHP's railway network in the Pilbarra. They were around $4 without lifting a tonne of ore in place.
5 Big announcements Company makers to look for to give major impetus to the SP. 1) Port Approval. Final Rubber stamp. Will smash the SP past 30 cents In the short term. 2) Positive FOB landing costs, Estimated Revenues. Favourable Feasibilitiy Studies put out to the wider market. 3) Further upgrades of DSO Ore & Manganese and favorable Metallurgical recovery news. 4) Major Instutions coming onto the register, with Funding. Perhaps from China. Major news written up in the AFR & The Australian will drive the SP higher. 5) Farm in Agreement with Independence Mining Group, (IGO) for Twin Peaks tenement. Western Australia. I expect major news with this development in the next few months, whilst Iron Ore prices are remaining high, and it's easy to raise money for these projects in this market. Iron Ore Sector running very hot overall!
TRF were trading as high as $1.80 a few years back, and the SP could smash $1 in the next 6 months, if the cards fall right. Remember we are around 120-130 million shares on the registrar. Further large hits of very high tin, Manganese, or Orinoco Gold bulk sampling and channel sampling results of the inclines and declines could be the icing on the cake. I would like to see TRF target more of the Tungsten however. As Finchy always says " In mining you always direct your expenditure to your best mining leads/ targets where you will get the best results."
Arlberg1
TRF Price at posting:
10.5¢ Sentiment: LT Buy Disclosure: Held
