Ann: IronClad on Target with D.S.O. from Wilcherr, page-8

re: Ann: IronClad on Target with D.S.O. from ... Personally don't know why you would buy IFE when you could buy TRF instead, assuming you really believe in the DSO iron ore project.

At least thats what I've been doing.

TRF has 60% of the project, ie 40% through its 50% ownership (20 million shares) in IFE and 20% in its own right...and that latter 20% is free carried.

It also has a substantial investment in ROL (around 10.8M shares) which is trading around 60c at the moment!

And it has more cash than IFE.

And it has its own exploration projects.

Despite all this, its market cap is significantly LOWER than IFEs. Around $2-3M lower.

Don't want to put anyone off IFE...after all, with 20 mill shares in IFE an increase in IFE is great for TRF...just think it makes sense to at least consider some TRF as well. I wouldnt be buying TRF if I didnt think IFE was a decent company.

Cdchi1