Agree dhimurru , major undervalue here (including your amended figures in subsequent post). I have been one of the most vocal critics of Ian and co in relation to the IFE special general meeting but even if he gets all resolutions through the fair value of IFE has got to be above $1.00 with potential for much more. Furthermore, TRF's 20% free carry at Wilcherry Hill seems to go completely unrecognised ! It will generate at least $10m p.a. once ore is being shipped. Final positive point (in a Machiavellian way) , most of Finch's investment is through TRF; I think we can all be sure he is going to make sure TRF comes out on the right side of things judging by recent behaviour !!
TRF Price at posting:
33.0¢ Sentiment: Buy Disclosure: Held
