Re: Iron Ore Price

Highly prospective exploration company

Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

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goldhunter11

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Re: Iron Ore Price

in response to

Iron Ore Price

MaCloud

posted on Sep 10, 2012 07:40PM

MaCloud, excellent exposee.

$157 B is nice number to pump in China's economy. It's good to have a lot of money for disgretionary spending.

Thousands of km of road, and some 150 satellite cities of about 1M inhabitants each, to ease the congestion in super-cities like Shanghai. Presumably, the demand for material like Fe would remain strong. The BNN interview of Maurice Strong video is worth watching. Mr. Strong is a director of Century Iron Mines (FER) which is 30% owned by Wuhan and 5% by MinMetals. He's in the know....BTW, FER owns 51% of some Fe companies in the Labrador Trough and 51% of a JV with CHM...and FNC just sent 1.5 tonnes of Magpie ore for testing by an R&D group in China. Hopefully the tests are for Wuhan.

Extracts from interview

http://www.mauricestrong.net/index.php/videos/141-bnn-canada-text-maurice-strong

China is not really slowing down.

goldhunter

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