Ann: IFE Details Timetable for Wilcherry Hill Pro, page-4

re: Ann: IFE: IFE Details Timetable for Wilch... TRF have a free carried to production 20% interest in this project PLUS own 50% of IFE's shares, giving TRF effectively a 60% interest.


Jan. 18 (Bloomberg) -- Vale SA, the worlds biggest iron- ore miner, may win back market share from rivals BHP Billiton Ltd. and Rio Tinto Group because it can boost exports faster as demand for the steelmaking raw material surges to a record.

At http://www.bloomberg.com/apps/news?pid=20601087&sid=aEYess.Q50lY&pos=2

The bulk commodities -- iron ore, coking coal and thermal coal -- where annual prices are set for the Japanese financial year starting on April 1, have had the biggest upgrades of the commodities, following spot-price surges.

Iron ore spot prices into China have jumped 50 per cent since October. Metal Bulletin prices are at $US135 a tonne, including freight. When shipping costs are taken into consideration, this represents a doubling of current contract prices of about $US61 a tonne.

Most analysts are forecasting gains of 30 to 40 per cent, and some as much as 50 per cent, in contract prices.

At http://www.news.com.au/business/multi-billion-dollar-bonanza-for-miners-as-commodity-prices-push-forecasts-higher/story-e6frfm1i-1225820667156

Comment:

So we now have a situation where the demand for iron ore "surges to a record." This bodes well for IFE. Now all we need is for the IFE share price to "surge to a record" price!

With only 44 million shares on issue, 22 million of these owned by TRF, and moving into production this year, it is amazing that IFE's high quality iron ore is still being valued at next to nothing by the market.

I guess tha market can be like that at times. After all sector leader FMG rose from the 20 cent range to hit $13.15 which became the equivalent of $131.50 after the 10 for 1 issue to shareholders!!