In this article I'll have a closer look at Iron Road (OTC:IRNRF), an Australian iron ore company with a market capitalization of $151M. Iron Road plans to develop its Central Eyre Iron project in South Australia. I will provide an overview of the project where after I will try to calculate how the project will hold up based on different assumptions.
Thereafter I will focus on the potential risks involved with an investment in Iron Road (or iron ore in general), which will result in my investment thesis at the end of this article after explaining how the project might be financed.
As trading in Iron Road shares is quite limited on the US...
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