In this article, I'll have a look at Alderon Iron Ore (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...
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