Found this on NAU's site, who hit double the % of Fe and deeper intercepts, but the SP is 15 times as much and same as the outstanding shares, meaning DOX has lots of room to move
https://www.northlandresourcesinc.com/s/IronOreInfo.asp
Overview
Almost all iron ore is used to make steel. That's why it's one of the world's most important minerals. It's also why demand continues to grow and why it's forecasted to grow for the rest of this decade.
How Iron Ore is Used
In the steelmaking process, iron ore is alloyed with a variety of elements such as tungsten, manganese, nickel and chromium to give it strength and hardness. The resulting varieties of steel are essential for nearly all industries.
China and the Supply Imbalance
World demand for iron ore presently exceeds supply, exerting sustained upward pressure on prices. The biggest demand factor is China, the world's largest iron ore consumer. China continues to rely on exports to meet its rapidly growing demand, and the country's need for iron ore is expected to grow for many years to come.
Iron Ore in Europe
In the European market, most iron ore is imported from the southern hemisphere. Swedish iron ore is significantly cheaper for European consumers due to lower shipping costs compared to southern hemisphere iron ore imports. That's why Northland has focused its exploration for iron ore on both Sweden and Finland.
On this page we have collected a series of links to articles about iron ore, including commentary on the geology of iron ore, how it's priced and marketed, and current market news. We hope the information will be of use to you as an existing or potential investor in Northland.
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