RE: RE: RE: speedkills, RE: Iron Ore upside potent Hi rpdeluca,
I have been in NML as long as you have been in AXI so I'll give you my 2 cents ( just my opinion). I agree that the large projects in the Schefferville area like Labmeg, kemag and lac Otlynuk ( Adrianna ) get about as low a valuation as one can get for their size, but I use that to my advantage. I bought a lot more NML around 1.10 -1.25 ish thinking the market cap was not even covering the large cash position ( 90 million) and the joint dso projects with tata ( nml has a lot of dso anomolys that are 100 % owned by them), so at that price the large projects are a gift like a lottery ticket if developed ( don't forget only 20 % of the range has been drilled).
In regards to developing the larger projects I agree the Capex is cumbersome, however, I believe Tata is sincere in going forward ( economy depending) Also Wisco has taken a large postition in the region via Century, Adrianna , Altius, and Champion.... plus Forbes of Manhatten is investing in Capex, so overall I see a definite interest in finally opening the area up ... there is just too much iron to ignore imo.
So to wrap it up I'm pretty confident that the large projects will get developed but if they don't oh well the numbers still make sense. p.s NML is up 50 % or so ytd
Good Luck