Guess with Draig scratching the bottom of the barrel, is there any hope in a resource of, yet to be qualified, Coking Coal?
Well, start with the demand one guesses.
Following article from 13 April, notes what one Chinese Steel mill values the supply of Ironore! Check stake vs m/cap.
Then, consider the amount of CC they will require, to blend with the i/o :
" ... The company just announced it was partnering with Hebei Iron & Steel Group, China's largest steel producer. Hebei will invest $194 million for 19.9% of Alderon, and a 25% interest in the Kami iron ore project. Hebei will also purchase iron ore concentrate from Kami, which locks in a customer for up to 4.8 million tonnes (60%) of the first eight million tonnes of annual production.
What's most interesting to me is this: $194 million for 19.9% of Alderon effectively values the company at $970 million. Its market cap is currently around $284 million, implying a potential upside of almost 240%.
What's more, this also goes a long way to help de-risking the Kami project as Alderon advances it toward production."
India is also noted:
"As well, India, traditionally an iron ore exporter, has swung to being an importer. Some of India's steel mills are now looking outside India for new sources in South Africa and Mozambique.
India's Ministry of Steel forecasts a 300% increase in steel requirements by 2020."
Hanging in there.
Cheers :)
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