Raytec Metals Options More Iron Ore in Ontario
Posted in Metals on February 8th, 2008 by adminIt may not be the sexiest of metals to investors, but iron is also arguably one of the most important. That was the message of Brian Thurston, President of Raytec Metals Corp. (TSX.V: RAY) in a recent interview with Resourcex.com. The junior exploration company has turned its focus from uranium in the Athabasca Basin to iron ore in Ontario and South America.
The young juniors that have moved to iron ore in Canada are doing very well,’” Thurston observed. “Sure, it’s not as sexy as gold, but iron is a hot commodity. Since 2004 its price has more than doubled. In 2007 it was predicted for an almost 10% increase again and we’re looking for another more than 25% gain in 2008.”
Read more »
Popularity: 60% [?]