TRF
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0.00% 1.9¢ trafford resources limited

This share is just so undervalued. Based on IFE share price,...

  1. fisho26
    415 Posts.
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    08/02/12
    10:58
    Post #: 9661125
    This share is just so undervalued. Based on IFE share price, TRF's 33% holding is worth $22.5m, its 20% free carried interest at Wilcherry Hill is $17m and it has $7.5m in the bank - total NAV = $47m . Contrast that with TRF's market cap of $32.8m based on current SP of 39 ! And last but not least TRF retains rights to all non-Fe minerals at W. Hill !
    TRF Price at posting: 39.0¢ Sentiment: ST Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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