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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 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

Comment by quinlashon Jun 24, 2021 12:25pm
111 Views
Post# 33442985

RE:Listing for LBRMF

RE:Listing for LBRMFSnow is gone, frost is out of the ground, spot price is the highest it has been in 10 or 15 years.  If there is a case to re-open the mine it has never been stronger that it is now.  

I am a bit behind on news for this one so I need to do more digging.  In the meantime I am just setting price alerts in case the SP makes a massive move outside of the trading range over the last few months. 

Ideally we get news that they did indeed land a backer to get things going again, then the uplisting etc.  I'm sure more investors would be interested if the listing was upgraded

JMHO

Q


MBLAIR34 wrote: I understand the company is working on both a financing to restart production and a new Canadian listing which will improve liquidity.  With currently high iron ore prices and low capital costs to restart production, financing should be available, and coupled with a listing on a Canadian exchange should see the stock substantially higher.  Time frame?  Likely no more than 6 months in my opinion.


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