SA News • Tue, Sep. 9
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Alderon: At Just $1 This Cash-Rich Iron Ore Stock Is Priced Like An Option
- Leading iron ore stocks have recently started to make "break out" moves to the upside.
- Junior iron ore mining stocks might be next to follow the lead of the iron ore giants and move significantly higher.
- Alderon shares appear significantly undervalued and at just over $1, this stock is priced like an option with significant upside potential.
- Alderon's "Kami Project" is now "shovel ready" and this company has a cash rich balance sheet as well as an impressive shareholder base.
- With a number of analysts seeing significant upside potential for this stock to trade over $3 per share, the recent pullback in this stock is an ideal buying opportunity.
Alderon Iron Ore: A Big Project Advancing Towards Production
- Alderon Iron Ore is a near term producing iron ore company, developing the advanced Kami project at high speed, located in the mining friendly Labrador Trough.
- The Feasibility Study released in 2013 presented solid figures, with an after tax 8% discounted NPV of $1858M, an IRR of 23.1% and a relatively limited capex.
- The company has already secured a very good off-take partner with the biggest steelmaker in China, Heibei Iron & Steel Group for 60% of production.
- It wasn't until very recently, on March 27, 2014, that Alderon was granted the amended General Plan and Mineral Extraction Permits. These are considered very important permitting milestones.
Alderon Iron Ore - 800% Potential With This Iron Ore Miner
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