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Labrador Iron Mines Holdings Ltd LBRMF

Labrador Iron Mines Holdings Limited is a Canada-based company. The Company, through its subsidiaries Labrador Iron Mines Limited (LIM) and Schefferville Mines Inc. (SMI), 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 region. The Company is focused on planning and financing activities related to advancing the Houston Project, LIM’s flagship property. The Houston Project offers low technical risk, with only building a short gravel road and rail siding as the principal construction components. The Houston Project’s deposits 1 and 2 have undergone regulatory review and approval. The projects are ready for construction with a one-year construction period to production.


OTCPK:LBRMF - Post by User

Comment by quinlashon May 12, 2021 2:16pm
100 Views
Post# 33184028

RE:Iron Ore Currently at $215

RE:Iron Ore Currently at $21518 months is nothing for holding a mining investment, they move slow.  For the next leg up in shareprice they just need to announce that they will indeed be putting the mine back in production.  I'll take it for granted that will make the CBC news and get strong coverage in QC, hence likely to bring in a decent amount of new investors
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