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Labrador Iron Mines Holdings Ltd LBRMF

Steel Steel
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 planning and financing activities related to advancing the Houston Project, its flagship property. The Houston Project is an open pit direct shipping iron ore project located near the town of Schefferville. It holds approximately 50 million tons in historical direct shipping iron ore resources in various deposits. It also holds the Elizabeth Taconite Project, which has an Inferred mineral resource estimate. Its Schefferville Area Projects include James Deposit, Redmond Mine, Knob Lake Deposit, Houston & Malcolm, Sawyer Lake Deposit, Astray Lake Deposit and Kivivic No. 1 & 2 Deposits.


GREY:LBRMF - Post by User

Labrador Iron Mines Holdings Ltd > Article: Iron Ore Hottest Commodity for 2021
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Post by quinlashon Jan 05, 2021 11:30am
528 Views
Post# 32223784

Article: Iron Ore Hottest Commodity for 2021

Article: Iron Ore Hottest Commodity for 2021Iron ore hit $165 yesterday and China reported out it's highest imports of high grade (63 FE iron) since 2011. 

Hopefully this brings bigger investors in to work with Lab Mines on a re-open plan but speculation alone on the sector could keep this one trading with volume for a while.

Those not familiar with commodity cycles should research "Commodity Super Cycle" as it has a lot to do with when these sort of stocks start to edge up.  The cycles are long with incredible returns but it's not for the faint of heart.

GLTA

Link to Article:
https://www.bloomberg.com/news/articles/2020-12-10/iron-ore-futures-top-150-as-china-demand-fuels-late-year-surge
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