Hey Mate,I'm thinking this Iron Ore thing will never get up. Who...

Hey Mate,

I'm thinking this Iron Ore thing will never get up. Who needs a little Iron Ore Operation in Gippsland Victoria. My thoughts are there is a reason why it wasn't brought to fruition before and it's more that Iron Ore prices. Why buy off EFE when you can go to the comfort of getting supply off the big dogs. If EFE are left with this project only and no support from Yahua then back to 1.0c we go.

I'm reasonably confident that there is something in this Trigg Hill/Yahua JV too. I know it's not much money for Yahua to JV/Support a little Oz Co in EFE but why bother if you aren't keen to do business.

Although in the back of my mind is like why support us/EFE a previously/possible little pretend Iron Ore DSO Co. Someone mentioned earlier in the threads that possibly EFE/Yahua/Calderwood maybe already know what's at Trigg Hill and Yahua need a vehicle to get to it being EFE. I know it can be dangerous to speculate (although at this end of the market that's exactly what we are doing) but maybe there is something in that. Maybe some sneaky sampling work has already been completed or Calderwood has been sitting on knowledge he has known for a while now. This is only pure speculation/musings and could be miles off the mark.

At present more than happy to ride out the next 3 to 12 months to see what eventuates.

All the best, I hope it all works out for the holders of EFE.