Results Please? Last September, NML published this news:
New Millennium Iron Corp. (TSX: T.NML, Stock Forum) said that Tata Steel Minerals Canada Ltd., a joint venture between Tata Steel and NML, has started initial mining of saleable iron ore and is stockpiling the product at its plant site for crushing and screening in Ontario.
According to the press release, the direct shipping ore project, located in Labrador, contains 64.1 million tonnes of proven and probable mineral reserves at an average grade of 58.8% iron.
“Production started on September 10, 2012, stripping having started in mid-August,” said Dean Journeaux, President and CEO. “This is a very positive development for NML's shareholders as the company becomes an iron ore producer."
How much ore was sold, at what price and where is the money?