tested 80 but fell back, page-23

Weatherbygirl,

This is what is so frustrating about this stock. It has one of the best rare crystaline magnetite ores in the world and it has been de-risked over the last year with only the funding confirmation stopping it from being a real producer. Mcap $45mill.

Yet Padbury in a JV with Aurium announce the mapping of haematite mineralisation with a 20-28mill tonne target, with some rock chip samples and Padbury have now over $50mill M.cap and Aurium will approach $30mill M.Cap.

I am not knocking their discovery, only that IFE has a DFS, a production date end of the year, an actual JORC resource and reserves from drilling, yet we are suppose to have a comparable M.Cap to companies with no iron ore resource defined.

I know these companies may have other irons in the fire to add to their M.Cap, however what IFE has is worth more than a M.cap of $45mill and then add Hercules deposit.