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Iron ore developers and companies have all done very badly. Doesn’t see a lot of upside in the short term for iron ore because there are still quite a few projects coming on and the Chinese steel demand is looking pretty stagnant.

metal mines

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Stock has been under pressure. It is a start-up - not the best place to be. A little behind schedule in their shipments – nothing major. You could start nibbling away. Longer term this could get taken over. Couple of years hold.

metal mines
Have a project Quebec’s Labrador as well as a joint venture with Tata Steel of India, which gives them a lot of credibility. They have done everything they said they were going to do but unfortunately it has not been an easy environment for Junior resource companies, even for one with strong backing like this one. Believes that if they continue to build their resources and push forward their projects, they will do well over the next few years.
metal mines
A lot of the small stocks have been hit. This is probably a reasonable level to get in.
metal mines
This is a reasonable time to start accumulating shares. (Rio Tinto (RIO-N) expects to see iron ore demand double by 2019.)
metal mines
Partnered with Tata Steel, which paid $300 million and brought the project into production. This company retains 20%. Cash flow should be about $200 million. Also have a large taconite project and Tata Steel is carrying this company and bringing the project to a feasibility stage in this company will be able to have 40% of the project. Great point to pick this one up.
metal mines
Sector is fine. Sometimes prefers a company that doesn’t have a major shareholding interest as this one does. It is not his preferred. They’re all good stuff.
metal mines
Very large iron ore deposit. Has done well because they’ve been trying to sell the company and analysts think the take out value is much higher. Risk/reward is great.
metal mines
Iron ore in Labrador. Thinks the price of iron ore will go up between 30% and 50% this year. One of the few juniors that has a legitimate iron ore play.
metal mines
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New Millennium Capital Corp.(NML-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for New Millennium Capital Corp. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

New Millennium Capital Corp.(NML-T) Frequently Asked Questions

What is New Millennium Capital Corp. stock symbol?

New Millennium Capital Corp. is a Canadian stock, trading under the symbol NML-T on the Toronto Stock Exchange (NML-CT). It is usually referred to as TSX:NML or NML-T

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In the last year, there was no coverage of New Millennium Capital Corp. published on Stockchase.

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Is New Millennium Capital Corp. worth watching?

0 stock analysts on Stockchase covered New Millennium Capital Corp. In the last year. It is a trending stock that is worth watching.

What is New Millennium Capital Corp. stock price?

On 2020-12-14, New Millennium Capital Corp. (NML-T) stock closed at a price of $0.34.