|
New website and presentation from Northern Iron Corp
Brand new website released today by Northern Iron Corp, along with a 2015 Presentation with some major updates the market has not seen yet
Website:
Presentation:
The major thing about NFE that separates it from all the other junior iron ore explorers is that everything is already in place to move forward. Company has
1) A past producing mine. Meaning that if it was economical at lower Iron ore prices several decades ago, it will be more economical now due to high commodity
prices and inflation over the years.
2) OMC Investments out of Hong Kong will be funding NFE all the way through this project, up to $30 million. In the presentation there were a couple mistakes because
at the end it says management only has 3.8% when it's actually just under 25% since Carvalho the new director indirectly holds 19.5 million shares that were raised in December. The
second mistake in the fact sheet is that it says cash on hand at $1.28k when that should be $1.28 million
3) Danieli Centro Metallics as a partner and buyer of NFE's HBI material is massive. Having a purchase agreement for 500,000 tonnes per year means NFE already has several million
in revenue they can start churning out when production begins.
Social media presence:
|