These quotes from the latest gold update make me think that money will be earned from gold by TRF in 2011, and whilst IO is the primary focus, gold is part of that process:
25/10/10 TRF:
"...gold mining is intended to commence next year as a by product of the Wilcherry Hill crystalline magnetite iron ore project."
"Traffords gold feasibility study will coincide with the planned mine development of Ironclads DSO magnetite operation"
"Ironclad Mining are on track to start their high quality, low contaminant Direct Shipping Ore (DSO) magnetite mining operation in the first quarter 2011."
Link the three quotes together and I read it that gold is within the DSO IO, which will commence mining in Q1 2011, and which gold will be earned by TRF at some point in 2011.
Thoughts?
Cheers John
TRF Price at posting:
49.5¢ Sentiment: Buy Disclosure: Held
