Home > Boards > Canadian > Basic Materials > Alderon Iron Ore Corp. (AXX)

If you look at their Web Site under

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
KaiserSoze Member Profile
 
Followed By 1
Posts 627
Boards Moderated 0
Alias Born 02/14/12
160x600 placeholder
KaiserSoze   Monday, 03/31/14 12:48:43 PM
Re: LGL8054 post# 104
Post # of 152 
If you look at their Web Site under procurement portal, you will see that many contracts have been recently awarded for the construction of the mine. If financing was still a hurddle, I don't think they would be taking the chance of awarding contracts. The financing must be a done deal and the construction will start in the next month or so. At this point, the project is substantially derisked. Their anticipated all-in cost per ton is $70. Spot price of iron ore is expected to stabilize at $120 to $130 per ton. At 8 miilion tonnes per year at $120/ton, we are looking at $300mmm to $400mm of annual cash flow. Very undervalued at this price. I expect this to be a 10 bagger within the next couple of years. Once financing is officially announced, this should be trading north of $4 a share. Once this goes into production, it should be trading north of $10 a share.

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist