Before I head out for New years- here is a couple of Iron Ore...

Before I head out for New years- here is a couple of Iron Ore picks for 2011.

IFE- will make 60Mil pa per million Ton of high grade Ore PROFIT before TAX. Will produce 1-2+ mil ton pa. Will start production later in the year- tiny MC. Currently held back by SPP offer. 30 Mil investment for 100+ mil pa return profit pa... Bargain. Multi bagger for 2011. More so if Ore increases further. Moderate risk HUGE reward.

TRF- Has the upside of the above project, owns approx 40% of above + free carry 20% of revenue. Plus diversified into Gold mining and ROL investment. Multi bagger + potential based on Ore prices and gold progress. Moderate risk HUGE reward.

Happy New Year

Cheers

JAY