Weatherbygirl,This is what is so frustrating about this stock....

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.