Good post Paul. I will add some things that Patrick Clifford...

Good post Paul. I will add some things that Patrick Clifford mentioned to me last night.

Securing the project finance is very positive for all shareholders. What IronClad has sold for $35 million is 50% of Wilcherry Hill stage 1 only, 50% of what at this stage is still a 10 Mt inferred and indicated resource that has cost us about $20 million to define.
Thats a good return by itself.
Stage 2 on an NPV basis is worth ten times as much as stage 1 and this deal makes the realization of stage 2 much more likely. Not to mention Hercules longer term. So it is a good deal for all shareholders.

The Ironclad team are going forward and working to get the first shipment out this year and he seemed confident they would have no trouble at all with this.

He also mentioned that in his view the mine would become a true "polymetallic" operation ie. iron ore and gold during stage 2 and in the years after. IMO they may end up making it into a large open pit to take in the iron ore, gold and extra gold to the immediate east. This could be one of the reasons for the extra asian finance muscle.
As Paul said, I think IFE and TRF will bounce well as more announcements come to light. Especially when it becomes clear on the prices they will receive and expected margins from the premium magnetite, reduced contractor operating costs and quarterly ore price increases. Still much to look forward to.