"i think the market may not understand", page-34

>>Personally I like TRF better than IFE for 3 reasons.
1. TRF control IFE and decisions about IFE are more likely to be made in favour of TRF thean IFE small shareholders.

2. The free carried TRF 20% is worth a lot of money when you consider the high capital cost of any significant sized iron ore mine and the associated infrastucture.

3. TRF's rights to other minerals mean they have bugger all additional costs and possibly significant revenue from gold etc.<<

I agree with the above Hots, however you have really downramped IFE's ability to be profitable this year. Thus in affect down playing TRF, as to a great degree IFE must succeed for TRF to succeed. Unless ROL or unmined resources prove to be a winner.

Great buying at these levels for both companies IMO... I think it is worth accummulating the Puppet Master company also. Yet at $1.3 IFE is good buying...yet I will accummulate the other due to the reasons u mention. As it is taking another hammering today.