RE: RE: RE: Arcelor Minority Stake The promotional NL Gov poster in your link says Mont Wright is > 1 billion tonnes (greater than). How much greater I wonder?
IOC for instance, in it's latest Sustainability Report lists Proven and Probable Reserves at 1.4 million tonnes and a further 2.5 billion in Resources. There are quite likely deposits of IOC land that haven'e even seen enough drilling to bring it to the "Resource" category where there is already 2.5 billion. It is generally know that IOC has deposits there in the southern part of the Trough that aren't drilled off enough to even be included in this lesser "Resource" category.
Wouldn't surprise me that Mont Wright is in a similar situation but I don't know enough to speak to it with certainty.
IOC Sustainability Report:
https://www.ironore.ca/CLIENTS/1-ironore/docs/upload/sys_docs/IOC_Sustainable_develop_report_2011_en.pdf
Valuation of Alderon could be restrained based on the Bloom Lake experience. Cliffs is obviously having trouble there - just listen to the July Analyst call on their site - all is not rosey - they will be delighted with $65 per tonne FOB Sept Iles - add 25 or 30 to China and there isn't a whopping lot of income at todays prices. But I'm sure if any entity can make it work, Cliffs can.
As you know, WISCO has a couple of spots on the Cliffs Eastern Canadian Iron Ore Board because of their 25% project ownership. Do you think that WISCO and Hebei talk? - they are both state owned enterprises, aren't they?
WISCO & Quesnel & Tobin and others made out like bandits from the Bloom Lake sale - don't hold your breath for the same experience from ADV.