No way- if you do conservative calculations as I have posted...

No way- if you do conservative calculations as I have posted here many times in recent months then we still 20% undervalued compared to current assets.

This rollarcoaster ride has completed IMO... we will continue UP until the SP is rerate when they become Iron Ore productors in the ST.

Volume has not even began yet... brokers I know are getting more interested in taking a stake once they feel profit takers from the 50c offer are gone.

I guess these profit takers may start taking profits mid 60s for a decent return. Then not be happy when we at $2.

It a long term buy, as we head towards serious production. Not to mention upcoming ROL results and Gold mining.

Well done to believers whom took out offer at 50c. As the SP was trading below this... yet we now have some very valuable Oppies. TRFO should be trading closer to 20c now as the sentiment increases.

Very glad to dollar Av down and take up my entitlement then see the Directors take up their full entitlements out of their own pocket. Full of confidence on these guys.

Cheers Jay