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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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Comment by NickCarpathiaon Jan 23, 2013 7:38am
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Post# 20876118

RE: deadline for $$$

RE: deadline for $$$

From the corporate presentation they say,

Note: Within 15 business days of Hebei receiving a feasibility study that meets certain criteria, Hebei will contribute the remaining $119.9 million of the initial investment

The FS was announced Jan 9, 2013.  If Alderon gave the report on that day, then 15 business days would be Jan 30, 2013. If it was given to Hebei on Jan 16, then we're looking at Feb 6, 2013.

Cheers

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