Alderon Iron Ore Corp AXXDF

Waiting game now

[Justanewguy]

As far as I can see, it is just a waiting game to see first, if they can acquire Wabush mines free of charge for their tailings from the province of Newfoundland and Labrador. Secondly, they need to release a positive "new" preliminary economic assessment. If both of these conditions are met, this stock should return to the trading levels of a few years ago before iron ore tanked, between $2.00 and $3.00.  That will bring it to where most are probably hoping to just break even. From there, who knows. I fail to see what major impact will come from any kind of Quebec government news, unless it's something to do with cheaper rates using Sept Isles port. If I'm wrong, please correct me, or enlighten me at the very least. Until then, lets wait and see I suppose.