I am very bullish on TRF. However I believe that IFE will always be valued far higher than TRF based on the Wilcherry Hill iron deposit simply due to the fact that investors are aware that IFE will control 80% of the project in the near-term with expenditure of $10 million. Why try to gain exposure to the Wilcherry Hill magnetite/hematte desposit indirectly through TRF when you can participate directly through IFE.
Thoughts, feelings?