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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 jalaspen2on Sep 25, 2017 10:12am
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Post# 26737275

RE:RE:Attended Altius earnings call this am (Sept 15 2017)

RE:RE:Attended Altius earnings call this am (Sept 15 2017)
So Alderon makes this announcement this morning: https://www.alderonironore.com/index.php/news/2017/416-

Snippet: Alderon recovers around 11 million

Related to $21M Letter of Credit That It Posted for Construction of New Transmission Line

Alderon also stresses  Kami's hight grade ore that sells at a 20.00 premium thereabouts. They are also adjusting the cost savings the recent PEA outlined since the Wabush Scully mine was sold to 3rd party, and acquiring Scully Wabush was part of Kami's the cost reduction plan. 

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