That was simply a guessimation when the SP traded approx. 50c....

That was simply a guessimation when the SP traded approx. 50c. Being a 20% premium for 70c Oppies that will last 2 years to exercise. Meaning you have x5 leverage. This is fair... IMO.

Very happy the x3 KEY Directors took out their full allotment. As was hinted at in a previous conversation. I knew this would only add to the market confidence in the story. IMO.

IMO- I feel larger brokers will start getting very interested as the first Iron Ore shipment goes out. Some volume trade will at last start to happen in the next 3 months. Plus we have not got ANY premium on the gold story, etc from Wilcherry.

I am still unsure why this is not trading at a premium to its assets. As these Directors are winners and possible future large resource company Directors IMO... I have found their negoitating skills and forsight amazing in the last 1.5 years. Not to mention all the other skills in making what is to come all happen. All without diluting our shares too much when needing $$$.

Directors look to be betting a huge portion of their life savings on the success of TRF. All looks well to me.

$2.50+ prediction when Iron Ore shipment away in a few months. Naturally providing Iron Ore prices they get are better priced than today... which is my bet. IMO.

Regardless in relation to assets and premium for current projects TRF should at least be up 30%. It the safest play at current value. If it was trading above $1 now relative to assets, I would be saying that the market have given them a large premium compared to assets.

I predict they will also outperform IFE- this is a big call for me as they have not (Plus I heavily invested in IFE- yet more in TRF)... As indicated to me when the Iron Ore project is done the TRF team will concentrate even more on adding value in other ways, gold, etc. As well as accelerating Iron Ore projects in other huge tenaments.

Fortune favors the brave who are very ambitous with the essential skills and assets. Ticks all the boxes for me.

The build up has not began- IMO. Volume not large enough.

In terms of the Oppies 20% is fair when market sentiment semi OK, 35%+ when market gets far more confident.

After 70c.... Say $1.20 and sentiment OK. That 50c, as exercise price 70c then 20-25% of the 70c. So 65c ish. Could be a nice earner for the Directors and LT believers. IMO- DYOR.

Jay