From what we have been led to believe, everything is in place for IFE to start mining, the problem is the price of the ore and to a lesser degree the AU$.
The price of the ore means that Ironclad can't get the finance it requires to actually start mining.
It would be nice if Mr F gave an indication of where the IO price would need to be (given the current AU$) before the wheels start turning again - of course the price would need to be sustainable, but at least it would give us something to look for. If its $140 then we all go home. If its $90 then things might be quite a lot sunnier.
At the moment there is just nothing - it's like looking into the mind of Paris Hilton.
Cheers!
Catweasle
TYX Price at posting:
2.2¢ Sentiment: Hold Disclosure: Held
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