have they got any exploration work currently underway?
the relatively small resource base is a worry. Granted its sufficient for a few years minelife, but compared to the other juniors its pretty limited. Obviously TFE has the benefit of established infrastructure and is only a stones throw from actually makiing money, but this appears to be somewhat overlooked by the masses.
IMO the resource/reserve base will need to increase significantly to get the market more interested (along with the successful commencement of operations)
That said, I'm confident that they'll come through with the goods on both counts...
should be an interesting few months ahead.
TFE
territory iron limited
insto buys 10 million shares, page-7
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