Atlas, TRF still have 60% equity of the iron project - (20% free carried) plus 50% of IFE.
That 60% equity of a project which at just 44 million tonnes, (that figure should be massively increased by the coming drilling campaign) shows a positive cash flow of around one billion dollars is worth much more than TRF's current market cap of under $20 million based on TRF's listed shares only.
