I've just checked IFE's Annual Report released on 1st. October this year and it clearly states that "Port Adelaide is the interim port option for Ironclad" on p10.
This tallies with the 19th. November 2009 ASX release:
"The Directors of IronClad Mining Limited (ASX:IFE) advise
that they have signed a "Cargo Logistics Proposal" with Flinders Ports to export two million tonnes per year of iron ore to be produced from Wilcherry Hill through Port Adelaide, from September, 2010."
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The delay to production was of course caused by Rudd's sudden announcement of the Super Tax and the overseas investor pulling out their funds.
Do we have an issue with TRF and IFE's clarity in communication to the market? For example, the IFE September quarterly released just over a month ago did not mention or remind investors and potential investors with one word about the key issue of port access.
the markets response to management, page-28
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