Topic: Growth Stocks

The Stock Pickers Digest Hotline – Friday, August 22, 2008

Article Excerpt

BAFFINLAND IRON MINES, $1.68, symbol BIM on Toronto, continues to enter into agreements to sell iron ore from its proposed Mary River project on Baffin Island. It will now sell up to 1.8 million tonnes of ore per year to Italian steel producer Riva Fire SpA. The sale to Riva Fire is the company’s first deal with an Italian steelmaker. However, it’s the fifth letter of intent Baffinland has signed with European steelmakers. This includes one Austrian and three German steelmakers. Riva Fire’s 1.8 million tonnes brings Baffinland’s European commitments to 8 million tonnes. That’s half of the 16 million tonnes it plans to sell in the European market. Baffinland plans to start building an open-pit mine in 2010, with completion scheduled for 2014. It then hopes to produce 18 million tonnes of ore per year for over 21 years. Baffinland is still a buy for aggressive investors. DOREL INDUSTRIES, $33.59, symbol DII.B on Toronto, is reopening its idled Dowagiac plant…