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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
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Post by BGrahamon Jan 12, 2013 1:51pm
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Post# 20830069

Sumthin' don't add up - check please

Sumthin' don't add up - check please

https://alderonironore.com/projects/kami/

 

Please go to the section of Alderon's website linked above and look at the table "Mineral Reserves" and "Measured and Indicated Resources"

 

Look closely at the "Measured and Indicated Resources" part of the table which is said to be inclusive of the "Mineral Reserves".

Now add up all the Measured and Indicated resources - I see them as 160.7 + 249.9 + 287.1 + 236.3 = 934 million tonnes of Measured and Indicated.

However, Alderon's math is a bit different than mine - when they add it all up it comes to 1,093.2 million tonnes, a full 99 million tonnes more than my calculation. Someone please explain - am I missing something?

 

BG

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