OTCPK:LBRMF - Post by User
Post by
Cmartinon Jan 01, 2021 7:27pm
![](https://assets.stockhouse.com/kentico-cms/0341-00/images/Sprite.svg#id_Post_Views_Icon)
390 Views
Post# 32208184
At least $24/share
At least $24/share If they reopen that mine, we could expect:
3,000,000 tonnes/yr production at a low average of $150/tonne divided by 162 million shares times the average price to earnings ratio for iron ore mining companies (8.64) turns out to be $450 million/162 million = $2.78 x 8.64 = $24/share (very conservative)