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Bullboard - Stock Discussion Forum Labrador Iron Mines Holdings Ltd LBRMF

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... see more

GREY:LBRMF - Post Discussion

Labrador Iron Mines Holdings Ltd > new 52 wk high again
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Post by monstapeake on Dec 31, 2020 10:26am

new 52 wk high again

This stuff is a dynamo.  Can not believe how powerfully it is moving.  gl, mpke
Comment by frewil11 on Dec 31, 2020 11:18am
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  
Comment by quinlash on Dec 31, 2020 11:49am
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
Comment by frewil11 on Dec 31, 2020 11:57am
I agree but you just never know , any ideas who an offtake would be with . 
Comment by quinlash on Dec 31, 2020 12:05pm
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 ...more  
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