GREY:NHRIF - Post by User
Comment by
SuperMoneyon Aug 18, 2015 10:46am
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Post# 24027565
RE:August 2015 Presentation
RE:August 2015 Presentation
The following strong fundamentals definitely won’t let the way undervalued share price stay for long.
Northern Iron has two important and strategic Partners: (1) OMC Investments Limited; (2) Danieli Centro Metallics. Please be noted that Danieli Centro Metallics is one of the world’s top 3 manufacturers and suppliers of iron making, direct reduction and steel making, plant and equipment; 2013 revenues €2.7billion; 11,000 employees; and €140 million in R&D.
Most importantly, (1) 500,000 tonne per year “take or pay” off-take agreement contracted with Danieli Centro Metallics; (2) Sufficient Iron Ore for 77 Years of Operation.