Alderon Iron Ore Corp AXXDF

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.

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Alderon Iron Ore Corp

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Comment by greenandgoldon Sep 23, 2011 12:01pm

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Post# 19076776

RE: RE: RE: RE: RE: RE: RE: RE: Reason for Drop

Yes, but CLM coming into production has changed the situation. If they are going to produce 16 million tonnes a year, and they should reach that goal before ADV gets into production, that's a big chunk of capacity gone. I do think there's enough left, but there isn't plenty. It's finite capacity and will be gone in the next 5 or 6 years. It looks like a race claim it and ADV better not stumble.

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Futures Flat Amid Key Data in Canada and US