Butter a 9-inch tube pan. Line with paper and butter again.
In a large-sized bowl, combine eggs, mincemeat, nuts, sweetened condensed milk, and fruit. Add cornflake crumbs and soda, mix well. Turn into prepared pan.
Bake in a slow oven 300 degrees for two hours or until a cake tester comes out clean. Cool in pan for five minutes, turn out of the pan and remove the paper.
If desired, decorate with candied cherries. To store, wrap with aluminum foil and refrigerate or freeze.