TRF 0.00% 1.9¢ trafford resources limited

whats next 40cent trf...that what iwant...yml , page-15

  1. 2,988 Posts.
    Also consider CFE -

    Massive high grade resource:

    if <300Mt - will need to dilute to produce though big resource (at least 200Mt) so $14 billion IGV.

    if > 300Mt they sell 70% to chinese JV and get $250m to fund their 30% of mine development costs and other projects (have other potential Fe deposits and other plays)

    Around 500 million fully diluted shares is only downside (approx total 220 million listed and unlisted options included) - so current diluted MC about $300milion

    Still with 30%x300Mt (low-end for 70% dilution) still have minimum 90Mt worth approx $3 billion after costs.

    TRF very good as well
 
watchlist Created with Sketch. Add TRF (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.