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.

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Labrador Iron Mines Holdings Ltd > THIS IS A LOT LONGER THAN I HOPED FOR.

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Comment by quinlashon Mar 09, 2021 11:36am

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Post# 32752676

RE:THIS IS A LOT LONGER THAN I HOPED FOR.

Mines take time to re-open and you need to account for that when deciding on how much you are willing to put on the stock. If you take that time period then set your target for once the mine is up and running and producing Iron Ore you may be surprised how much of a return it produces.

They are long term plays with large returns, not great for swing trades etc but solid plays for those willing to get in early and hold for extended periods of time.

frewil11 wrote: With an 18 month construction period, the Houston Project has very low technical risk, with only a short gravel road and rail siding as the principal construction components," noted John Kearney.

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