Northern Iron Corp - CDN: NFE & US: NHRIF Message Board

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Gold/Mining/Energy : Northern Iron Corp - CDN: NFE & US: NHRIF

NFE 1.255

+2.0%

11:45 AM EDT

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From: JRod77	3/24/2015 2:02:35 PM
	of 18

here's no reason why NFE won't get the remaining funds from OMC Investments. Large buy orders are in place for the product, so OMC can get revenue back right away. China Railway Material - 900,000 Tonnes Tianjin Materials - 60,000 Tonnes Danieli - 500,000 Tonnes On page 4 of their Griffith Assessment : http://media.wix.com/ugd/f57d32_713095fdaa6247dfa0bb0c111976a122.pdf NIC=Northern Iron Corp. NFE is the ticker symbol. NIC has negotiated an off-take agreement with the China Railway Materials Import and Export Company (900,000 metric tonnes of HBI annually to be delivered commencing in 2016). This order represents about two thirds of the annual production of HBI from the Griffith Mine. NIC has also negotiated an off-take agreement with Tianjin Materials & Equipment Group Corporation of China for 60,000 metric tonnes of HBI to be delivered annually starting in 2016. The rest of the production will be offered for sale to the world market. The Danieli deal was done mid 2014 and is mentioned in the 2015 presentation: media.wix.com

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