Possible suitorsApart from Teck, another cash rich Canadian miner that can figure in an M & A is Hudbay. They had talked last year about broadening their asset mix. An iron portfolio would likely strengthen their performance.
Beyond the Indians, the Chinese are also interested in iron, plenty of it. They trumped Mercator Minerals in the takeover of junior Tyler Resources for their Molybdenum properties in Mexico offering some 50% more. ML could not match them. The Chinese have deep pockets as well as insatiable demand to build up their infrastructures.NML has options and should play its hands well.