Their portfolio is pretty bad...

they hold a 500 million tonne (43-101 compliant) iron ore deposit (39.5%Fe2O3) in the Labrador Trough , 15 million shares (~10%) of Champion Iron Mines (5 billion tonnes Fermont deposits), and ~50% of a nearly 1 Billion tonne titaniferous magnetite deposit group in Quebec...and a bunch of properties in the Appalachians with former producing VMS deposits