Ann: DSO Test Work Additional Information , page-11

  1. 24,765 Posts.
    TRF calls the shots because it's their project and floating IFE was the method used by TRF to move the project ahead.

    TRF controls IFE through its 50% shareholding plus TRF is free carried for 20% of the project and does not have to pay any development costs. So 20% of the project's profits from iron ore belong to TRF. Plus there could be additional bonuses like gold as a by product - there were some big gold hits in the area. These go 100% to TRF.

 
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