trf has dream territory, page-5

siameseparrot,

Facts are :
TRF has done the follwing apart from the 44Mt of Iron Ore that has been JORC'd :

1. They have done an JV with ZFX to explore for Zinc/Silver/Lead
2. Announced some results on 14 drill holes for gold at weednanna. (2.2g/t Au)
3. 4 x "RC" drill holes for U with some fairly lowish grades
at Golden Gate.

And that is it...not a lot else. If you have prove any more, please list it.

Now i'm a TRF shareholder thus have no interest to see the share price going down day to day, but daredevil is right in that the market is talking with it's money right now and is saying TRF has very little proven resources (apart from the Iron Ore which will now be a seperate company soonish)

The major value which was inside in TRF was the Iron Ore assets. This will now be inside Ironclad mining with TRF having 50% interest max down to free carried 20% at time of production.

This IPO seems to me to have been put together rather hastly, (for what exact reasons I can't really fathom it out) but it has been structured in a way without a lot thought of what will be left in TRF after the IPO.

What is really annoying that an asset that I already paid for I have fork out again to retain 100% interest in it, or get diluted down to 20% (eventually.)

Cheers
Muzz