whats the next share price driver?, page-9

Hi guys

Look I agree generally with what has been said on this thread. IFE will not be 75c in a years time if its in production. We have no reason now to suspect it wont be, the only major hurdle IMO is the MLA. I think the port thing will be sorted one way or another.

On the I/O price I see no real reason for it to drop substantially between now and December. Japan has cut buying I/O recently which has lead to a slight fall, but they will need to re-build and that requires LOT OF STEEL.

You have to also remember that Intersuisse based the target price of $2.14 for IFE based on a long term I/O price of US$90 and at the moment it is almost double that. You all have to also remember that IFe's costs come down if they can get bulk ships and not have to truck it down to Adelaide.

Who knows what is in store but on the upside IFE's costs are likely, in balance, to fall, not rises as production commences and they still have plenty of drilling to do funded out of the initial production so you never know they may find another Olympic Dam. I have heard in in the past say that the geography is similar to that of OD. I am not saying that they will undercover that I just pointing out that there is a potentially very large upside to IFE.

They now have the money to build a mine its just a question of time IMO as to when the SP will rise.