GREY:AXXDF - Post by User
Comment by
greenandgoldon Sep 22, 2011 3:45pm
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Post# 19073489
RE: RE: RE: RE: RE: RE: Reason for Drop
RE: RE: RE: RE: RE: RE: Reason for DropNML has like 9 billion tonnes of iron ore! Not including DSO. You're not shipping all that ore (40 million tonnes plus per year?) on an already crowded rail line. It doesn't make a lick of sense. Sue IOC all you like, you still won't be able to get that kind of rail capacity on the QNSL. The "alternative strategy" is obviously building your own rail line, which is Adriana Resources' plan. Frankly, I think that would be a better plan (we know rail works) than a pipeline in the subarctic (technology unproven in that environment).
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Alderon is in no way looking for a buyout. They want an offtake agreement with a Chinese steelmaker and that's it. They'll get into production by themselves just like Consolidated Thompson. They've hired numerous execs who have built and run major iron ore mines for one reason: to build the mine and reap all the benefits. If there's a buyout it will be after ADV is in production when its market cap is in the multiple billions.