Bullboard - Stock Discussion Forum Labrador Iron Mines Holdings Ltd LBRMF

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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... see more

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OTCPK:LBRMF - Post Discussion

Labrador Iron Mines Holdings Ltd > At least $24/share

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Post by Cmartin on Jan 01, 2021 7:27pm

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)

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