Labrador Iron Mines Holdings Ltd LBRMF

Steel Steel

Labrador Iron Mines Holdings Limited, through its subsidiaries, is engaged in the exploration and development of iron ore projects situated in the Menihek area of western Newfoundland and Labrador and northeastern Quebec, near the town of Schefferville, in the central part of the Labrador Trough region of eastern Canada, an iron ore producing regions in the world. The Company’s focus is planning and financing activities related to advancing the Houston Project, its flagship property. The Houston Project is an open pit direct shipping iron ore project located near the town of Schefferville. It holds approximately 50 million tons in historical direct shipping iron ore resources in various deposits. It also holds the Elizabeth Taconite Project, which has an Inferred mineral resource estimate. Its Schefferville Area Projects include James Deposit, Redmond Mine, Knob Lake Deposit, Houston & Malcolm, Sawyer Lake Deposit, Astray Lake Deposit and Kivivic No. 1 & 2 Deposits.

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Labrador Iron Mines Holdings Ltd > new 52 wk high again

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Comment by quinlashon Dec 31, 2020 11:49am

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Post# 32203666

RE:RE:new 52 wk high again

Can't see how it would not come back as anything but viable. The mine was in full operation back around 2005. Tech etc improved since then so the cost of extraction may be lower. Regardless, this pop is bloody impressive

frewil11 wrote: The PEA should be out any day , if its feasable to mine and sign an offtake this could go to a couple bucks in a heartbeat but if the report shows its not worth it then , well I won't go there. GOOD LUCK

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The deep connection between mining and First Nations in Canada