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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 Greenandgold.on Feb 27, 2012 7:29pm
227 Views
Post# 19594491

RE: RE: RE: RE: RE: RE: RE: When is the move?

RE: RE: RE: RE: RE: RE: RE: When is the move?

Does Bloom Lake produce a better concentrate than Kami will? Kami will produce a 60/40 magnetite to hematite ratio iron ore concentrate (this is preferred by steelmakers). Bloom Lake had low, 10% magnetite, in their deposits. Kami will blend its manganese down to 0.75%, well below crucial deleterious levels (Wabush sells 3% manganese products). Kami's concentrate will also be very low in sulphur, phosphorus and all other deleterious elements.

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ADV also raising significant money from "traditional banking syndicates" as well as pursuiing Asian offtake deals. See its $40 million private placement with a subsidiary of Liberty Mutual, a Fortune 100 company. What exactly are you complaining about?

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