Baffinland Iron Mines Corp. (BIM.TO)

Very high-grade iron ore deposits on Baffin Island. Because of its location, it would need a massive amount of investments, so they won't produce for many years. Prefers buying a producing mine with a low multiple today.

Iron ore deposit on Baffin Island. The key to its future is how far north can you be before you start something up. A wonderful asset, but you would have to be patient. Could be a speculative trade.

High-grade iron ore deposit which has been looked at from many years but feels there has been some bad politics involved, plus you need a lot of capital to ship. If a large mining company needed extra iron ore, this would be a targeted company.