Market response to Lac Otelnuk 43-101 news was very underwhelming and tepid IMO.
ADI has, in effect, shown that they have now $2 BILLION DOLLARS worth of iron ore (figured at a miniscule 50 cents per ton because its a rough resource not a near-to- production resource) and all the market can do is mange a little flutter of activiy.
The stock gained only 2.5 cents today for an increase of only 13.51%!
Well boys and girls, we have the Arcelor Mittal port agreememt extension which expires after 4/22/09.
Lets hope that Arcelor Mittal does the deal before the 2nd deadline runs out with ADI so that the sp of ADI can blast loose and start soaring like an eagle!
You need the best companies with the strongest fundamentals to make money in the stock market.
