angk43, I haven't got time to research the exact figures but IFE only has rights to the iron ore at Wilcherry Hill. Of those rights TRF has a 20% free carried interest(undervalued IMO). On top of that TRF has a direct shareholding in IFE which gives TRF approximately 45-47% of the total income from iron ore at Wilcherry Hill. TRF owns rights to all other minerals at Wilcherry and neighbouring tenements. It has always been my opinion that TRF has effective control of IFE as well as 100% of the more valuable minerals that may be found in the process. It is no coincidence that Ian Finch has most of his investment in TRF !
TRF Price at posting:
16.5¢ Sentiment: ST Buy Disclosure: Held
