Labrador Iron Mines Holdings Ltd LBRMF

New wording and more details in MD&A from Aug 28

[opti007]

Note this change:

July 27:
"Analysts expect the sustainability of China’s demand will be the main factor determining the direction of iron ore prices in the second half of the year and beyond."

August 28:
"Analysts are increasingly confident that the current market dynamics of strong China demand and tighter than previously anticipated supply will support a robust iron ore market throughout the remainder 2020."

Also, the paragraph:

"The Closure and Rehabilitation Plan for the Houston 1 and Houston 2 deposits has been approved to allow for initial development. In order to fully develop the Company’s Houston Project, the Closure and Rehabilitation Plan for the Houston 3 deposit must be approved by the Newfoundland Department of Natural Resources.The Malcolm deposit, included in the Houston project, has not been permitted by the Province of Quebec and is proposed to be developed in the second half of the project timeline."

has been moved from Section Government Regulation and Permitting in the July 27 report to the section HOUSTON IRON ORE PROPERTY in the Aug 28 report.

Also interesting, in Aug 28 release,  is the way the company is justifying maintaining the impairement on its assets:

"In the event the iron ore price continues to be strong, the Company will consider recognizing an impairment reversal of its mineral property interests."

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https://www.labradorironmines.ca//pdf/LIMHMDA20200630.pdf
https://www.labradorironmines.ca//pdf/20200331LIMHMDA.pdf