rocketing today., page-13

>>I welcome all new holders. For those that feel they may have missed the boat all I can say is at $1 the M.Cap is only $40mill. IFE have spent near $15mill on drilling and are more advanced with a defined resource than most S.A explorers who have a much larger M.Cap. A $160mill M.Cap would not look out of place for IFE by mid year.<<

Yes however TRF owns 50%, so really your target would be a MC of 80Mil. As TRF own half and take half of all the profits. After the large ran up today the MC is closer to 50 mil. So your target price is $2.

Whilst i am happy to be in ROL and TRF, wished I topped up more and will if decides to trace back down. I am looking whether IFE is an option. Difficult to move in or top up when the levels have rocketed to the moon...

Their story of a high quality Ore in production by 2011 and the further exploration of the potentially huge mine in SA is compelling. Naturally most will be hesitant to move in after such a huge run.

However i see in 2007, upon listing they sold for $1 per share. Yet there was half as many shares on issue. So the equivalent of 50c with 40 mil shares on issue. Progress has obviously been made as reflected by the last ANNs, thus new crop of investors looking into the opportunity like myself.

It is not a similar story to ROL- IMO. ROL has a lot further to go and completed only 1% of their drilling. Completely different commodities and their is added O\S risk factors. ROL has a lot more upside and downside risk than IFE- IMO.

IMO- IFE looks to be a company headed towards a MC of 200Mil in the future. Whether that is this year or in 5 years will depend on the progress of the company. Notwithstanding a GFC part 2, etc.

I cannot find any info regarding the price of the high grade Iron Ore that they state they will produce 2MT pa towards the end of the year. Does anyone have this info so I can perorm some calculations? Thanks.