"There is a fundamental issue with cost in the LT and capacity. You have seen how the likes of LIM and Cliffs have been punished dearly for their investments. Somehow all these other junior iron ore players in the LT are magically going to make it work."
XinXing disagrees. They're putting $10 million into an iron ore project right in the heart of the Labrador Trough. Northern Star Minerals, it will list on the TSX this Spring.