TRF trafford resources limited
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a billion tonnes of iron ore, page-3

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    172 Posts.
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    05/01/10
    12:36
    Post #: 6162800
    Hello Wilson

    I believe current prices for magnetite are about $100 US / tonne depending on grade with most investment banks forecasting at least 20% price rise in 2010. I'm guessing IFE's margin would conservatively be at least $50/t, so there is potentially a multi billion dollar business for IFE/TRF if they play their cards right and the china growth story continues, as i think it will.
    TRF Price at posting: $1.02 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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