IFE - IronClad Mining

[condog]

Quote: Originally Posted by jonojpsg Vindicated Ann out re estimated costs of $51/t. They have CONSERVATIVELY used the benchmark price for their estimates of potential margins, but even so we are looking at $28/t margin So by year end IFE could be raking in $56m a year - not bad seeing as that is their current entire MC! If they get spot prices, that could double, which is what their SP should be doing (at least)!!

[jonojpsg]

Quote: Originally Posted by condog This is an exciting prospect for the tiny IFE and TRF whi has 50% owernship plus 20% of whichery hill... So technically IFE will retain 40% of revenue from Witchery and TRF will obtain 60% roughly...IFE sp was only 35c or so when Witchary became known to the market and it is now 1.27 or so. So the witchery project has been somewhat priced in already now.... Calcs from a different perspective would be 40% of 56M = 22M additional revenue / 40M shares = 55c net earnings per share..... this still got to do bank feasability , so still some risk..... if it proceeds its dirt cheap....if it doesnt its dog dear..... so probably in the ball park at present.....

[condog]

Quote: Originally Posted by jonojpsg Uh uh Condog, TRF own 50% of IFE and 20% of Wilcherry, so IFE will get 80% of Wilcherry income, but TRF will benefit by the respective increase in value of IFE. Thus 80% of $56m which is $44m/40m = $1.10 per share. A VERY attractive prospect IMO and I'm loading up

[Sa Farmer]

Just thought I would post this information on their web site, they have interesting information, video ect. This stock could be a little gem with the cheap costs on a premium product and a mine that could be starting by years end.

[Miner]

IFE AND MAU followers

Did you find any thing interesting in a recent report in a prominent newsletter about IFE and MAU with the holding by TRF ?

I read it but can not discuss due to copyright reasons.

I did not see any reflection in market however which normally happens with such speculative report .

Any way I will wait to see what others are saying.

[jonojpsg]

Have been continuing to hold and watch this. With 1MTpa locked in (at hopefully near spot prices?) this has GOT to do some major rerating over the course of the year IMO.

Current MC of $57m

Potential income assuming they get a price of $100/t

2MTpa x $45 = $90m x 80% (TRF hold 20%)
= $72m.

Now you can't tell me that doesn't look good

IFF production happens this year and IO price holds up, I predict IFE will sit somewhere between $200-$300m MC by years end Hang on, I think I;ve just convinced myself to buy more

[kennas]

Quote: Originally Posted by jonojpsg Current MC of $57m Potential income assuming they get a price of $100/t 2MTpa x $45 = $90m x 80% (TRF hold 20%) = $72m.

[jonojpsg]

Quote: Originally Posted by kennas jono, is that $72m before royalties and tax and any other little cost after the basic Opex - Sales number crunch? Is your $100/t spot and they are going to sell into spot or are they going to have to forward contract at a bit lower? Any debt to pay off? I haven't read through much of the thread, just checking.

[matty77]

too late to hop onto this stock?

does the price already reflect future production of the iron ore?

(yes that is probably a stupid question...)

[jonojpsg]

Quote: Originally Posted by matty77 too late to hop onto this stock? does the price already reflect future production of the iron ore? (yes that is probably a stupid question...)

[cornnfedd]

thanks for your reply, appreciated.



ill take a closer look at this stock i think.

thanks again.