Yes it is a great deal for TRF, not so for IFE, but it is only 50% of the DSO, IFE will retain 80% of Stage 2 and 3 which are the main targets and big moneymakers. Patrick the general manager confirmed they would like to get stage 2 up and running as soon as possible. Even if the DSO is still being processed, they can run both in parallel. He said as soon as they start DSO production in Dec this year, they will begin the feasibility study on Stage 2. He was very confident about the delivery of the first ore parcel to China this year.
TRF Price at posting:
76.1¢ Sentiment: Buy Disclosure: Held
