See:

 

http://www.alderonironore.com/_resources/news/2012-04-13-NewsRelease.pdf

 

"April 13, 2012 (TSX: ADV) (NYSE AMEX: AXX)


Alderon Iron Ore Corp. (TSX: ADV) (NYSE AMEX: AXX) (“Alderon" or the “Company”) is pleased to announce that it has signed a definitive subscription agreement dated April 13, 2012 (the "Subscription Agreement") with Hebei Iron & Steel Group Co., Ltd. (“Hebei”), China’s largest steel producer. Hebei will make a strategic investment into both Alderon and its Kami iron ore project (the "Kami Project") in an aggregate amount of C$194 million, in exchange for 19.9% of the outstanding common shares of Alderon (the "Private Placement") and a 25% interest in a newly formed limited partnership that will be established to own the Kami Project."

 

**********

 

They struck a SIMILIAR DEAL like the old CONSOLIDATED THOMPSON IRON ORE MINES (CLM-T).

 

**********

Kami Iron Ore Project:

 

HIGHLIGHTS

  • NPV of US$3.07 billion based only on Rose Central Zone with an IRR of 40.2%
  • Commercial production expected to commence in 2015
  • NI 43-101 indicated resource estimate of 490 million tonnes at 30.0% iron and an additional inferred resource of 598 million tonnes at 30.3% iron
  • Transportation infrastructure already in place

The PEA is preliminary in nature and it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the conclusions reached in the PEA will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

 

*********

 

 We are waiting for the NI 43-101 Technical Report at Radio Hill.

 

Does Radio Hill have the iron ore resources like Kami???

 

That is the BIG UNANSWERED question at this point. Remember that Radio Hill could be a COMPLETE FAILURE in ECONOMIC MINABLE RESERVES. We simply do NOT know until the TR is out.

 

Radio Hill is in a BETTER location than Kami.

 

This is my opinion only.

 

Eigen337