I suspect you are wrong. Iron ore is not rocket science in terms of exploration or resource modelling. The key factors are the metallurgical/processing qualities of the ore, the amount of it, access to infrastructure, and access to capital for development.
They already have a good handle on the ore (very positive), access to infrastructure, and a reasonable indication that there is a sizeable resource. Really all that is left is access to capital, and in the current market, you would have to think they have a pretty good shot at that too.
I suspect when the desktop study highlights the potential economics, you will start to see the big players taking an interest.
Compare this to GWR for example - market cap of $128M. TRF market cap of about $22M, with what is probably a better orebody at the end of the day.
Go figure...?
TRF Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
