Titan Iron Ore Corp. (TFER)
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Titan Iron Ore Corp. (TFER)
First, let me say, this is a rather unusual story and I need to give you a quick 15-second history lesson.
On July 1, 1862, the U.S. Congress passed what came to be known as the Pacific Railroad Act.
The stated purpose of this Act was to “aid in the construction of a railroad and telegraph line from the Missouri river to the Pacific Ocean.”
Essentially the US government gave railroads 175 million acres of land (an area larger than Texas). But importantly the Pacific Railroad Act also granted railroads the mineral rights to these huge patches of land.
It wasn’t until one hundred years later, long after the glory days of railroading that the railroads started to explore for minerals on their vast tracts of land.
Suddenly the U.S. Government realized their mistake and filed a lawsuit in the U.S. Supreme Court (United States v. Union Pacific Railroad Co.) trying to claw back these hugely valuable mineral rights.
The U.S. Supreme Court ruled against the United States – And upheld the railroads ownership of the vast tracts of mineral rich land.
What Does All Of This
Have To Do With My 2012 Stock To Watch?
Union Pacific Railroad was the main benefactor of the Pacific Railroad Act. Incidentally Union Pacific was at the time owned by infamous industrialist and Wall Street speculator Jay Gould.
Years later, long after Jay Gould had passed away and Union Pacific was a lumbering and bureaucratic giant – They started to explore for minerals on their vast expanses of land.
In the late 1960s, Union Pacific Railroad was doing just that when they stumbled upon something in Albany County, Wyoming that could potentially be worth a fortune.
Union Pacific believed they’d found a vast deposit of Iron Ore and they…
Spent Approximately $25 Million (In 1960′s Dollars)
On Exploring the Area
Over 100 holes were drilled at two distinct deposits on the property, including over 85,000 feet of drilling, a complete metallurgical analysis was undertaken and all of this work culminated in a feasibility study in the late 1960’s.
All of this is expensive; it costs a lot of money to explore a property and even more to advance the property to the stage of a detailed feasibility study. A feasibility study is the final stage for an exploration company before they raise finance and turn their mineral deposit into a fully functional mine.
Adjusting for inflation the $25 million Union Pacific invested in the property would be equivalent to over $180 million in today’s money! That’s not chump change even for a giant like Union Pacific.
Clearly, Union Pacific Was Excited
About What They Were Finding
And they weren’t the only ones. The very same property was also examined, poked and prodded by the Bureau of Land Management (BLM), the State of Wyoming and a handful of others.
But as it turns out – because of a change in corporate strategy – the project was never developed by Union Pacific.
Thanks to the kind of corporate bureaucracy and ineptitude typically reserved for governments, Union Pacific let this hidden treasure remain – for all intents and purposes – completely forgotten about.
Reportedly a corporate decision from the very top at Union Pacific put an abrupt end to all mineral exploration. The executives decided they should be strengthening their core business and not wasting time and resources on numerous side projects.
And so for the better part of four decades, the results of the railroad’s studies were essentially…
Stored Away In A File Cabinet
That is until the reams and reams of data were seen by seasoned mining executive Andrew Brodkey.
If you’ve never heard of Andrew Brodkey – He is known for being one of the key executives who grew Magma Copper Company from $200 million to $3.5 billion and then sold it to BHP Bilton – A boon for the shareholders.
Andrew Brodkey didn’t “strike gold” by drilling like most everyone else. Instead he hit the jackpot simply by stumbling upon the boxes and boxes of through analysis put together by Union Pacific!
It was all clearly laid out for him, exactly what got Union Pacific so excited about the “Wyoming Iron Complex” property that they spent $180 million developing it!
In fact, Andrew Brodkey was so excited about what he was seeing – He immediately secured the mineral rights to Union Pacific’s Wyoming property for $7 million and formed a…
Brand New Company, Titan Iron Ore (Symbol: TFER)
He then gathered together a “dream team” of respected mining executives to work alongside him. The team includes Dave Hackman, Titan Iron Ore’s Vice President of Exploration. Hackman has over 35 years’ experience in the mining industry.
Hackman is known for having several large mining discoveries to his credit, including the Piedras Verdes oxide copper deposit in Sonora, Mexico.
Hackman helped sell the discovery to Phelps Dodge Corp. and the project was developed into a producing mine by Frontera Copper.
Other notable members of Brodkey’s team include John Hedges, another 35 year veteran and an expert consultant to the financial industry for mining related investments.
Frank Garcia a senior executive from Mexican cement producer CEMEX fills the role of Chief Financial Officer. Dr. Ronald Richman a senior executive from IBM advises Titan Iron Ore on overall corporate strategy from his position as a senior board member.
All of these seasoned executives have the same plan…
To Strike It Rich In The Mountains Of Wyoming
As Andrew Brodkey says “The way i see it, I’ve already done it once. I helped take Magma Copper from $200 million to $3.5 billion. I want to do it all over again. But this time it’ll be for myself and anyone else who comes along for the ride.”
I said this story was unusual and you’re probably not disappointed. Titan Iron Ore is a public company solely focused on finishing what Union Pacific started over fifty years ago!
Herein lies the genius of the plan – without spending a penny on exploration, Titan Iron Ore is sitting on one of the most exciting discoveries in America in the last decade. What’s more they’re sitting on a developed deposit, developed to the stage of a detailed feasibility study.
This means Titan Iron Ore isn’t wandering around in the dark. They’re spending their time and money simply confirming everything the Union Pacific feasibility study suggests.
It’s as if Titan Iron Ore invested $180 million of their own money into the Wyoming property. But instead Union Pacific took that risk and…
Titan Iron Ore Is A Company
Set up Solely To Reap The Rewards
It’s an odd situation.
Usually when a mineral discovery is made the news quickly spreads and the stock price shoots up overnight. Investors try to assign a value to the discovery and the stock price quickly reflects this.
But in this case, Titan Iron Ore’s amazing story is not well known. No analysts follow the company and I had to spend many weeks digging and researching in order to get the true picture of how exciting Titan Iron Ore could be.
This is because…
Titan Iron Ore’s discovery has never been officially announced. Because essentially the entire company was set-up solely to reap the rewards of Union Pacific Railroad’s fifty year-old discovery!
It took me some time to get my head around, but I eventually realized…
Titan Iron Ore Has Never Announced A Discovery
Because The Entire Company IS A Discovery
On July 1, 1862, the U.S. Congress passed what came to be known as the Pacific Railroad Act.
The stated purpose of this Act was to “aid in the construction of a railroad and telegraph line from the Missouri river to the Pacific Ocean.”
Essentially the US government gave railroads 175 million acres of land (an area larger than Texas). But importantly the Pacific Railroad Act also granted railroads the mineral rights to these huge patches of land.
It wasn’t until one hundred years later, long after the glory days of railroading that the railroads started to explore for minerals on their vast tracts of land.
Suddenly the U.S. Government realized their mistake and filed a lawsuit in the U.S. Supreme Court (United States v. Union Pacific Railroad Co.) trying to claw back these hugely valuable mineral rights.
The U.S. Supreme Court ruled against the United States – And upheld the railroads ownership of the vast tracts of mineral rich land.
What Does All Of This
Have To Do With My 2012 Stock To Watch?
Union Pacific Railroad was the main benefactor of the Pacific Railroad Act. Incidentally Union Pacific was at the time owned by infamous industrialist and Wall Street speculator Jay Gould.
Years later, long after Jay Gould had passed away and Union Pacific was a lumbering and bureaucratic giant – They started to explore for minerals on their vast expanses of land.
In the late 1960s, Union Pacific Railroad was doing just that when they stumbled upon something in Albany County, Wyoming that could potentially be worth a fortune.
Union Pacific believed they’d found a vast deposit of Iron Ore and they…
Spent Approximately $25 Million (In 1960′s Dollars)
On Exploring the Area
Over 100 holes were drilled at two distinct deposits on the property, including over 85,000 feet of drilling, a complete metallurgical analysis was undertaken and all of this work culminated in a feasibility study in the late 1960’s.
All of this is expensive; it costs a lot of money to explore a property and even more to advance the property to the stage of a detailed feasibility study. A feasibility study is the final stage for an exploration company before they raise finance and turn their mineral deposit into a fully functional mine.
Adjusting for inflation the $25 million Union Pacific invested in the property would be equivalent to over $180 million in today’s money! That’s not chump change even for a giant like Union Pacific.
Clearly, Union Pacific Was Excited
About What They Were Finding
And they weren’t the only ones. The very same property was also examined, poked and prodded by the Bureau of Land Management (BLM), the State of Wyoming and a handful of others.
But as it turns out – because of a change in corporate strategy – the project was never developed by Union Pacific.
Thanks to the kind of corporate bureaucracy and ineptitude typically reserved for governments, Union Pacific let this hidden treasure remain – for all intents and purposes – completely forgotten about.
Reportedly a corporate decision from the very top at Union Pacific put an abrupt end to all mineral exploration. The executives decided they should be strengthening their core business and not wasting time and resources on numerous side projects.
And so for the better part of four decades, the results of the railroad’s studies were essentially…
Stored Away In A File Cabinet
That is until the reams and reams of data were seen by seasoned mining executive Andrew Brodkey.
If you’ve never heard of Andrew Brodkey – He is known for being one of the key executives who grew Magma Copper Company from $200 million to $3.5 billion and then sold it to BHP Bilton – A boon for the shareholders.
Andrew Brodkey didn’t “strike gold” by drilling like most everyone else. Instead he hit the jackpot simply by stumbling upon the boxes and boxes of through analysis put together by Union Pacific!
It was all clearly laid out for him, exactly what got Union Pacific so excited about the “Wyoming Iron Complex” property that they spent $180 million developing it!
In fact, Andrew Brodkey was so excited about what he was seeing – He immediately secured the mineral rights to Union Pacific’s Wyoming property for $7 million and formed a…
Brand New Company, Titan Iron Ore (Symbol: TFER)
He then gathered together a “dream team” of respected mining executives to work alongside him. The team includes Dave Hackman, Titan Iron Ore’s Vice President of Exploration. Hackman has over 35 years’ experience in the mining industry.
Hackman is known for having several large mining discoveries to his credit, including the Piedras Verdes oxide copper deposit in Sonora, Mexico.
Hackman helped sell the discovery to Phelps Dodge Corp. and the project was developed into a producing mine by Frontera Copper.
Other notable members of Brodkey’s team include John Hedges, another 35 year veteran and an expert consultant to the financial industry for mining related investments.
Frank Garcia a senior executive from Mexican cement producer CEMEX fills the role of Chief Financial Officer. Dr. Ronald Richman a senior executive from IBM advises Titan Iron Ore on overall corporate strategy from his position as a senior board member.
All of these seasoned executives have the same plan…
To Strike It Rich In The Mountains Of Wyoming
As Andrew Brodkey says “The way i see it, I’ve already done it once. I helped take Magma Copper from $200 million to $3.5 billion. I want to do it all over again. But this time it’ll be for myself and anyone else who comes along for the ride.”
I said this story was unusual and you’re probably not disappointed. Titan Iron Ore is a public company solely focused on finishing what Union Pacific started over fifty years ago!
Herein lies the genius of the plan – without spending a penny on exploration, Titan Iron Ore is sitting on one of the most exciting discoveries in America in the last decade. What’s more they’re sitting on a developed deposit, developed to the stage of a detailed feasibility study.
This means Titan Iron Ore isn’t wandering around in the dark. They’re spending their time and money simply confirming everything the Union Pacific feasibility study suggests.
It’s as if Titan Iron Ore invested $180 million of their own money into the Wyoming property. But instead Union Pacific took that risk and…
Titan Iron Ore Is A Company
Set up Solely To Reap The Rewards
It’s an odd situation.
Usually when a mineral discovery is made the news quickly spreads and the stock price shoots up overnight. Investors try to assign a value to the discovery and the stock price quickly reflects this.
But in this case, Titan Iron Ore’s amazing story is not well known. No analysts follow the company and I had to spend many weeks digging and researching in order to get the true picture of how exciting Titan Iron Ore could be.
This is because…
Titan Iron Ore’s discovery has never been officially announced. Because essentially the entire company was set-up solely to reap the rewards of Union Pacific Railroad’s fifty year-old discovery!
It took me some time to get my head around, but I eventually realized…
Titan Iron Ore Has Never Announced A Discovery
Because The Entire Company IS A Discovery
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