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Alderon Iron Ore Corp. - NYSE

4/23/2014, 3:31 PM ET
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  • Alderon Iron Ore: A Big Project Advancing Towards Production
    The Critical Investor Tue, Apr. 1 6 Comments

    Summary

    • 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.
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Company Description

Alderon Iron Ore Corp is an exploration-stage company engaged in exploration and evaluation of mineral resource properties located in Western Labrador.

Industry: Steel & Iron
Country: Canada