territory iron limited (tfe) , page-7

re: territory iron limited. be careful they wont have any idea if and when it is worth mining untill near the end of this year. If drill results prove ok from Francis Creek they will mine next year if not it will be the year after. they have to dewater the mine first, and seem to have no idea how much water there is there can you believe it!
they are then going to RAB drill with a scout rig then follow with RC drilling the body is very disseminated so drilling is expected to be long and arduous (read expensive so capital raising) The old drill results from the 70s are in imperial measurements and need interpreting ( I could not see this being a problem) but they seem to think it is, I thought get real.
I got the impression the work they have done there is negligable which surprised me considering they have had the property for over half a year (I was not impressed)

Assuming they mine, then they are going to sell everything on the spot market and are talking aout it being 50% Fines with relatively impurites so will need blending
I agree the share price could fall to 15 cents as there is no support
Not holding seems to be a high level of mismanagement here something I did not expect given the people involved
Only redeaming feature is that transportation logistics are very sound as they will utilise OMH ship loader and the new rail line into the new Darwin Port is now in (East Arm under the Government buildings has been mothballed)with the Northern territory being very obliging
Not holding good luck to those who are