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  • the absolutely cheapest iron ore

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    5 stars


    stock i could find.
    most probably you won`t believe it. i didn`t and done DD on this one all day long.
    conclusion. unbeliavable but true!
    simply flying under the radar for very long now & managemnt not competent to deal with investors BUT they have the assets.
    MARKETCAP IS 20 Million
    READ yourself: Historic estimate - non NI compl.
    l “tonnage and grade estimates” list 529.6 millions dry long tons at 36.7%Fe for 
    Deposit A, 146.1 millions dry long tons at 36.8%Fe for Deposit D and 266.1 millions dry long 
    tons at 34.1%Fe for Deposit E. 
    http://www.niocan.com/documents/00GreatWhale28juin.pdf
    LOCATION: QUEBEC
    in addtion have a high grade Nioboium mine wich will soon be in production! (also some REE by product potential)
    http://www.niocan.com/content.asp?SectionID=8
    compares very well to IAMGolds producing and very profitable Niobium- mine 
    http://www.iamgold.com/English/Operations/Operating-Mines/Niobec-Niobium-Mine/default.aspx
    AND here we go a takeover intention announced. TODAY! but i do hope they`Re not that stupid to give their comp away for almost free. Niobium production around the corner an dBILLIONS of iron ore dollars in ground...

    NIO-METALS HOLDINGS LLC. PROPOSES BUSINESS COMBINATION WITH NIOCAN INC.

    http://www.newswire.ca/en/releases/archive/January2011/12/c9960.html
    So worst case you get minimum 0.5$+ as this was the closing price of  T.NIO on JAn.7.2011
    BUT! i`m not willing to give any share away below 2$
    greetings from germany and a T.NIO shareholder as of today (bought @0.55)
    teatime

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