Hi all,
from TRF gold announcement today
"Trafford and its joint venture partner and subsidiary, Ironclad Mining are on track to start
their high quality, low contaminant Direct Shipping Ore (DSO) magnetite mining operation in
the first quarter 2011."
If it is now the first quarter of 2011 and not the first half, that gives more confidence that everything is on track.
Year 1 profit is estimated between $70m-$35m and the market cap if IFE is $51m.
looks like production could start in 3 months!
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