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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 greenandgoldon Oct 08, 2011 10:17pm
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Post# 19132963

RE: Alderon's Baby Brother?

RE: Alderon's Baby Brother?Ridgemont has the same business plan as AXI or FEO (mine ore near ocean, ignore traditional infrastructure issues) but it's in a warmer climate, so no issues with year-round shipping. The model hasn't been proven yet. Isn't it hard to build a deep water port in the middle of nowhere? Won't there be regulatory issues? Fights over newly commissioned shipping lanes?
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Building a port big enough to handle iron ore carriers will always be a big hurdle, whether your mine is one mile or 300 miles away from it. 
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