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TSXAlerts > Group's Default Discussion > The problem with new mines today... View modes: 
  • The problem with new mines today...

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    4.5 stars

    Take a look at the news today on NAU.T $1.07.  The company has already spent several hundred million dollars on developing a European iron ore project. They are announcing today a $425 million funding shortfall because of escalating capital costs.

    This is a common theme within the industry and making financing very difficult for development.

     


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