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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 hundredvanities1on Jun 07, 2012 7:49pm
289 Views
Post# 19991384

RE: RE: RE: RE: this mine is 4 years out.

RE: RE: RE: RE: this mine is 4 years out.

Exactly right, there's a lot of iron ore bodies being mined in China with 10% to 15% iron mineralization, with production costs over $110 per tonne. The 30% iron ore bodies in the Trough look amazing compared to them. Every time the iron ore price dives those mediocre Chinese mines go out of business, thus constricting supply, which will eventually push the iron ore price back up.

*

$110 is the floor, and Kami's fine at $110. Any declines past $110 will be very short-lived.

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