trf to ife prices, page-7

IFE looks to be on the move. IFE is back to $1.20, compared to its April $1.67 high and is also 35 cents above the issue price of its new shares.

TRF is now very undervalued at 56.5 cents compared to its high earlier this year and its 50 cents a share issue price of its new shares.

TRF owns 50% of IFE, PLUS has a 20% free carried interest in IFE's emerging iron ore mine PLUS 100% of the gold which is now looking very interesting.