GREY:AXXDF - Post by User
Comment by
Kadillacon Jan 18, 2011 6:14pm
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Post# 17992568
RE: RE: RE: good iron ore one to dip buy today
RE: RE: RE: good iron ore one to dip buy todayDave:
I know you are invested in AXI as well. When i compare AXI to Alderon, AXI looks much more undervalued. I have not followed Alderon much. I think biggest advantage Alderon has is that other mines are in place here... However, it looks like AXI probably has a bigger resource than Alderon and does not need much infrastructure to get it going.
Alderon Market Cap = Approx $330 million
AXI Market Cap = $126 million
Both companies will probably be in production around the same time.