Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Alderon Iron Ore Corp AXXDF

Metals & Mining Steel Industrial Metals & Minerals Steel
Alderon Iron Ore Corp is a Canada based development-stage company. It is conducting iron ore evaluation activities related entirely to its Canadian properties located in western Labrador in the province of Newfoundland and Labrador. The company's operating segment is the acquisition, exploration, and evaluation of mineral resources. Its flagship project is the Kami Iron Ore project located in the Labrador Trough.


GREY:AXXDF - Post by User

Alderon Iron Ore Corp
Bullboard Posts
User Avatar Image
(5)
•••
Comment by BGrahamon Oct 20, 2012 6:31am
147 Views
Post# 20505772

RE: RE: RE: Mont Wright Reserves

RE: RE: RE: Mont Wright Reserves

Currently, there are no Reserves at Kami - As per 43:101, Measured & Indicated Resources can only be moved into the Proven and Probable category  and be stated as "Reserves" when economics are studied at the Feasibility Study level and the outcome suggests that the Reserves have reasonable expectations of economic extraction. ((Pre-Feas may be accepted - not sure))

As of today there is only a Preliminary Economic Assessment on Kami -  no Feasibility Study.

Kami seems to have many of the shortcomings of Bloom Lake but with a waste to ore ratio of 2 to 3 times that of Bloom.

Kami waste to ore is 2.26 to 1 but include pre-production stripping and it comes in at 2.6 to 1.

Kami - should it see production will likely be a more expensive producer than Bloom.

BG

 

 

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities