whats up, page-2

As CD recently posted, you will have to be patient with this one. Loyalty option issue is close.

There is a lot of activity happening, expect some announcements soon. There are also copy cat peggings being made by other iron ore hopefuls in Cobar region - that is some type of endorsement of EFE's plans.

Read this in an iron ore report from Dec 2007 (before EFE was listed). Substitute magnetite with maghemite and it makes EFE look interesting.


We see the successful development of a significant value adding major iron project such as a global scale DRI pellet plant that is based on a large, high quality magnetite resource, as being one of the most likely paths to success for a small iron ore exploration company. We therefore anticipate that companies which are able to
build on the near term advantage of an appropriate DSO haematite operation that provides them with a significant and early stage cash flow to allow the development of such a higher capital cost but long life pellet operation, preferably with an appropriate offtake or funding partner, will be the success stories of the current iron ore boom.