with today's $1.4 million into the coffers, $140 grand on hand we get $1,540,000. $350k for current quarter projected leaves enough for trf to sit tight and wait on ife financing. enough for a yr, if it's necessary.
this is well ahead of expectations on trafford's prospects past weeks.
usa is doing well and they say eu is to (altho outside my front door i do not see it.)
so, as we are well into sound economic recovery mode along with indian elections, giving good momentum there to india's economy then as important as china is, we might well have just touched bottom for many miners.
the us dollar will strengthen as qe is reduced. therefore the aussie is very likely to fall as a consequence, giving better than hope for ife to get some sort of acceptable deal though which then benefits trafford.
looking much brighter all round.
40.
TRF Price at posting:
7.2¢ Sentiment: ST Buy Disclosure: Held
