With many analysts predicting significant increases in benchmark iron ore prices this year, the timing of New Millennium Capital's (nml-v) feasibility study results for its direct shipping ore (DSO)prop-erties near Schefferville, Que., couldn't have come at a more opportune time. The feasibility study indicates that its 100%-owned DSO properties will yield a payback in just three years following commercial production, which is expected to start in the third quarter of 2011. The study updated a pre-feasibility study completed in February 2009, and was calculated from updated resources based on 2009 drill results.
展开▼
