"Parrot, you used to be very bullish on IFE/TRF. What turned you around?"
Firstly I have some doubts about the strength of the iron ore price. Could be completely wrong here. But if not there is the potential to seriously impact initial project economics.
OK. Now I have to be careful how I word this.
Let's say I was not satisfied with the untimely way the project has progressed nor with the way the project has been pretty much dismissed by the market.
Why has it consistently been given such a low valuation by the market?
With such a low valuation at a time of record iron ore stength why was no bid made for TRF/IFE?
I am also much more comfortable analysing gold companies and I believe I have a much better understanding of the gold sector. So each to their own ...
Let's say "spider senses" or is that "parrot senses" have put me on alert about IFE.
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