RE:RE:Encouraging Article for Canadian Iron Orejduade wrote: Good article Wuinlash, thanks for sharing. Only Alderon's Kami (now Sprott's Kami), And NML's NuTac (LabMag & KeMag) are really on the market for a partner for their undeveloped resources. Champion seems happy to go it alone for their phase 2 plans...can you imagine what would happen to the share price if a JV was signed with a major Chinese steel firm later this year? Nice to dream, and also nice to know that NML has ample cash relative to their expenses to make something happen.
Signing a JV with a Chinese company will only boost the price for a day or 2 then it would come right back down. Century Iron has not one but 2 Chinese steelmakers as JV partners and major shareholders and it's done nothing for their share price, despite lots of cash on the balance sheet. Reality is there is no business here, liquiditate the whole portfolio, sell the taconites and the DSO if there is still ownership left and distribute proceeds to long suffering shareholders and put this stock out of it's misery.