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 12:05pm

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RE:RE:RE:RE:new 52 wk high again

Ya' you never know. Vale maybe? that's a spitball guess but there are not too many Iron Ore companies doing business in Canada, could be a new player, China maybe? they had a falling out with the Australia recently and may be interested in the higher grade / less polluting material out of the Labrador.

2021 could be a stellar year for Iron etc with all the infrastructure projects being proposed.