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Bullboard - Stock Discussion Forum 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... see more

GREY:LBRMF - Post Discussion

Labrador Iron Mines Holdings Ltd > THIS IS A LOT LONGER THAN I HOPED FOR.
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Post by frewil11 on Mar 09, 2021 11:02am

THIS IS A LOT LONGER THAN I HOPED FOR.

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.
Comment by quinlash on Mar 09, 2021 11:36am
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 ...more  
Labrador Iron Mines Holdings Ltd