In this article, I'll have a look at Alderon Iron Ore (NYSEMKT:AXX), a Canadian company aiming to start production at its 75%-owned Kami iron ore project in the Labrador trough in Canada.
I'll have a look at the Kami Project and Alderon's partnership with Hebei Iron and Steel Group as this partnership strengthens my belief Alderon will find the necessary financing for the development of the Kami project by H1 2016. I'll also make some cash flow projections using a sensitivity analysis, which will result in my investment thesis at the end of this article.
Alderon's Kami project offers an interesting possibility for people who want to get exposure to iron ore production in a safe country...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|