Ann: Widespread gold mineralisation at Weednanna , page-25

re: Ann: Widespread gold mineralisation at We... I foresee TRF looking to use IFE offtake profits to ramp up Weednanna development in the next year or two. Fairly straightforward plan, and involves no dilution of current cap structure, which is very unusual territory for small cap explorers.

I can imagine the situation where IFE takes the top say 50m of Fe and waste away, leaving Au mineralisation at surface (based on those recent holes). That has got to be good news for TRF's OPEX costs as there will be a lower strip ratio and simple open pit mining.

IMO TRF gold projects are longterm propositions, but are well worth some value in the SP. At present, you are still pretty much getting all that upside for free. Fair deal!

Cheers,
Split