Wednesday's Iron Ore Stocks Trading; (OTC: TRKP), (ASX: MLM), (ASX: FMS), (TSX.VGPG)
Expert Bullish on Iron Ore
Category: Investment, Gold, Mining
Visit this company: www.turkpowercorp.com
Point Roberts WA - September 8, 2011 (Investorideas.com Mining Newswire) - www.Investorideas.com, a leader in sector research for investors including mining and resource stocks, issues a trading alert for iron ore stocks for trading September 7th.
Recent commentary published on Investorideas.com from the Gold Report tells how one expert is very bullish on iron ore.Excerpt; “Dundee Capital Markets in Toronto, has some rather bullish forecasts for iron ore and copper prices… Dundee pushed up its price for iron ore by 24%, to $182/ton, in 2011.” Full article:
TurkPower Corporation (OTCBB: TRKP) shares ended flat at $0.23. TurkPower's sole focus is on the booming Turkish mining industry, where it aims to become a leader in developing, operating and owning base metal mines, by acquiring and consolidating operational mines with proven reserves, utilizing economies of scale to increase returns as well as developing new mining assets.
Metallica Minerals Limited (ASX: MLM) surged 0.015 (3.70%) to $0.420 with more than 485K shares traded hands. Yesterday, the company said that its 45% owned associate, MetroCoal Limited, has announced a $24 million share subscription and investment agreement at a 75 cents per share issue price.
Flinders Mines Limited (ASX: FMS) ended higher by 0.010 (6.45%) to $0.165 on a hefty volume of 20.07 million shares. Flinders Mines Limited is an Australia-based mineral exploration company. The Company’s main focus is on iron ore in the Pilbara region of Western Australia, with diamond and phosphate exploration in South Australia and Northern Territory. It has access to 30, 000 square kilometers of prospective tenements throughout Australia.
GRANDE PORTAGE RESOURCES LTD. (TSX.V: GPG) surged 0.035 (14.00%) to $0.285. Today announced that additional high-grade gold samples have been intercepted in a 2011 core drilling program by Grande Portage Resources Ltd., its partner and operator at the Herbert Glacier gold project located near Juneau, Alaska.
Ferrexpo Plc (LON: FXPO) surged 8.44% to $3.83.
Cliffs Natural Resources Inc (NYSE:CLF) ended the day with a gain 6.26 (8.32%) at $81.46.
Showcase Iron Ore Stock:
TurkPower Corporation (OTCBB:TRKP) is a Turkish-American junior mining company that is acquiring controlling ownership in an operational iron ore mine and several mining projects under development in Turkey. TurkPower's sole focus is on the booming Turkish mining industry, where it aims to become a leader in developing, operating and owning base metal mines by acquiring and consolidating operational mines with proven reserves, utilizing economies of scale to increase returns as well as developing new mining assets. TurkPower's board of directors, management team and employees have extensive experience and relations in the Turkish mining industry, as well as ongoing relations with the relevant government agencies, allowing TurkPower to participate in the major opportunities currently developing in Turkey.
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