The trouble with IFE, Tarski is the high production cost and...

The trouble with IFE, Tarski is the high production cost and limitations of shipping. If the earlier estimates of costs of $85 - $90 pt are still accurate (a big "IF" ) then there is still a profit margin at current IO prices - but not really enough to support any significant loan finance. If IFE can get consent to stockpile near the port and thus avoid the need to purchase 3000 containers at a cost of $20m (previously unbudgeted) then it might just have a chance of a successful CR for the $15m it needs to get IO rolling, but the CR is going to have be at a very low price (I would guess 20 cents per share) to be attractive to new or existing s.holders. If stockpiling is not approved I can not see any way IFE can raise $35m and she is dead in the water. Then what happens ? Either the project is mothballed (not a long-term option when it is IFE's only asset) or the whole thing is sold to a bigger player. There must be some underlying value to the resource and existing consents - I am guessing $20m (which equates to about 20cents p.s. but would be very interested in other peoples estimates of value. If this is roughly accurate then the SP has a ways to go (down) yet. 20 cents looks like the magic figure whatever happens. Thoughts ???