TRF trafford resources limited
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a billion tonnes of iron ore, page-9

  1. denpal
    3,851 Posts.
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    05/01/10
    13:00
    Post #: 6162957
    Wayne72 that's wrong.

    TRF has 20% free-carry in the project plus holds half of IFE.

    Say $40/t*2mtpa*20% = $16M pa before tax to TRF excluding their shareholding in IFE. That's around 25c/share.
    TRF Price at posting: $1.03 Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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