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J-O-H-N-N-Y C-A-S-H - I've Been Everywhere, 3rd verse Schefferville, and for your entertainment is a story of a guy who visited all the places in the song on his motorcycle, and what he went through to just to get to Schefferville. 5 part series just about getting to Schefferville. This blog documents the journey to visit each place in the song “I’ve Been Everywhere”,92 Places, 49 States,16 Countries, 60k Miles, Should be easy
J-O-H-N-N-Y C-A-S-H - I've Been Everywhere, 3rd verse Schefferville, and for your entertainment is a story of a guy who visited all the places in the song on his motorcycle, and what he went through to just to get to Schefferville. 5 part series just about getting to Schefferville. This blog documents the journey to visit each place in the song “I’ve Been Everywhere”,92 Places, 49 States,16 Countries, 60k Miles, Should be easy
$117.79 TIOC:COM Iron Ore 62% Fe Futures up 6.51 (+5.85%)
https://seekingalpha.com/symbol/TIOC:COM
Thank you for the most comprehensive DD I have seen in almost three years of holding this stock. Your information and analysis are greatly appreciated!
Yes, the best that has ever been done by anyone on this platform. Lots of logistics involved in an iron mine. LBRMF has so much going for them as per the high grade ore and the rights. Just need to get the ball rolling, where do they start?
$110.80 TIOC:COM Iron Ore 62% Fe Futures
Some articles for your reading
https://www.mining.com/web/sgx-iron-ore-scales-5-month-peak-as-china-eases-covid-rules/
https://www.mining.com/web/iron-ore-price-rises-as-more-policy-support-looms-in-china/
https://themarketherald.ca/how-this-companys-iron-ore-project-is-contributing-to-decarbonization-2022-12-23/
I appreciate the yeoman’s work you doing here.
$LBRMF: Gerald group iincreasing OUTPUT in SierraLeone
But they really should put more effort into LBRMF.......... i mean, its a piece of cake
given our reserves
https://www.kitco.com/news/2022-07-21/Gerald-Group-to-increase-iron-ore-output-at-Sierra-Leone-mine-to-7-mln-tonnes.html
GO $LBRMF
Help from others needed,
I know that someone has done the math of the value of LBRMF off the PEA, if using today's price of Ore $110 with no off-take agreement and a cost of 60 million over life of mine @ 8% with current share structure. Alternate with off-take agreement costs of $10 million @ 8% with current share structure and an average cost of $100 for Ore (off-take proposal was a split of costs above PEA price). Or if there is a previous post of similar results maybe at different ore pricing please post or stickey to this web page. I am sure that people would be able to understand that in a low-cost Ore environment off- take helps to guaranty future profits, but in a high-cost Ore environment everything above PEA estimates are pure profits, but if off-take agreement it was proposed 50/50 split above a set price for delivery in Schefferville. Thanks ahead of time
The Wild Card: Gerald Group
Gerald Group (Mining Developments LLC) holds 32,500,000 shares they purchased at a price of $42,000.000 or an average price of $1.29
The Gerald Group is the world’s largest independent and employee-owned metal trading company. They have a 650 million credit facility for trading.
Gerald Group is engaged in the exploration, development, and production of high-grade iron ore concentrate, Marampa Blue™ at Marampa in the Port Loko District, Northern Province of Sierra Leone (Marampa Mines Limited, a subsidiary of Gerald Group)
With an average share price of $1.29 it would be hard not to believe that Gerald Group would not expect to get at least that for their shares, let alone at least a small to large profit on their investment. That is alone what has kept me in LBRMF for the last 2 plus years. But with that being said I wonder why they have not helped move this forward. Is it because of all it took them to move forward the Marampa mine, is there now a conflict of interest with trading others products, have they tried to help move forward with existing management and unable to work with each other. Is that why we were trying to make a deal with Scully, did Gearld not like deal with Scully, was Scully trying to get control of too much.
Just some of my concerns that it would be nice to get a little info to keep interest up for investors. With that said I still am adding a little at a time but will not add to much until some updates. Gearld Group with their connections I thought would have been able to get this mine open and help with trading it's Ore. Finally, the LBRMF web site needs updates management needs to get on that.
https://www.gerald.com/copy-of-na-borrowing-base-20
https://marampamines.com/about-us/
The Players involved in moving this LBRMF forward.
John F. Kearney - Chairman & CEO, owns 3.5 million shares and is chairman of Anglesey Mining with them holding almost 20 million shares of LBRMF. Kearney is involved with several other mining companies. Recent articles and web interviews by Anglesey official's state that Houston is moving forward and is shovel ready with either financing, offtake agreement or partnership within 18 months of an agreement with permitting already completed. The cost expended to be 65 million over the length of the mine if no off taker is found. Anglesey will be looking for money to move forward its Prays project if permitted and would need financing or income from other sources, If Houston mine open this could help or might need to sell their interest to keep moving forward if no funding.
Matthew Coon Come - Director-Mr. Matthew Coon Come is Grand Chief of the Crees of Northern Quebec and a Board Member of the Grand Council of the Crees (Eeyou Istchee) and the Cree Regional Authority. He was National Chief of the Assembly of First Nations from 2000 to 2003 and previously was Grand Chief of the Grand Council of the Crees in Quebec for 12 years from 1987 to 1999. Earlier he served two terms as Chief of the Mistassini First Nation. Mr. Coon Come is a Founding Member of the Board of Compensation of the Cree Nation and has been a director of Creeco
There are several other board and management involved with LBRMF, Anglesey, Minco, Buchans and others in the Labrador Trough. You can look at the management Bios and see the connections between several. There are several also with ties to possible future financing for LBRMF.
https://www.angleseymining.co.uk/
https://www.mincoexploration.com/corporate/leadership/
https://www.buchansresources.com/company/leadership/
Scully, Tacora Mines possible interest. Scully proposed financing of LBRMF, now believed to be canceled, but local player with issues about getting their tailings facility permitted as of now, so may have long term issues and may need other assets like a benefaction plant with a mine ready in 12-18 months.
On November 27th, 2018, Tacora announced it had closed on $212 million in private equity and senior secured debt financing, which together with up to $64 million in mining equipment debt financing, fully funded the restart of the Scully Mine. In addition, during the 2018 fiscal year, the Company amended the Cargill Offtake Agreement and finalized certain port access agreements and rail/transportation agreements in anticipation of the successful restart of the Scully Mine. As is in this region the railway plays a huge part in the case of Scully mine it is Wabush Lake Railway
https://tacoraresources.com/our-operations/
https://iaac-aeic.gc.ca/050/evaluations/exploration?search=Scully+Mine+Tailings+Impoundment+Area+Expansion+Project
https://en.wikipedia.org/wiki/Wabush_Lake_Railway
https://iaac-aeic.gc.ca/050/evaluations/proj/80027
There are 15 docks on the of Sept Îles, including the Vieux-Quai, the marina, the fishing harbour, the Arcand Dock, and the 2 industrial docks owned by the Iron Ore Company of Canada (IOC). The Port of Sept-Îles owns and operates 9 docks arranged in 5 terminals.
The Multi-user Terminal is the only North American facility capable of accommodating vessels up to 400,000 tonnes. Iron ore currently makes up the bulk of the materials handled. The terminal was built in 2015 in the Pointe-Noire Sector, between the Pointe-Noire and Relance terminals. It includes two 16- and 20-metre-deep berths as well as conveyors and ship loaders with a loading capacity of 8,000 tonnes per hour. A 34-km rail line provides ferry-rail service from the Relance Terminal, connecting the terminal to QNS&L and the rest of the North American rail network.
With the addition of the Multi-user Terminal on the bay of Sept Îles, the Port of Sept-Îles’s annual loading capacity increased to 100 million tonnes, giving the companies that use the terminal a significant leg up on international markets.
https://www.portsi.com/port/terminals/?lang=en
Quebec North Shore & Labrador (QNS&L) is a common carrier federally regulated railway, operating freight services between Sept-Iles, Quebec, Labrador City, NL and Emeril Junction, NL (which is the interconnection point for traffic transiting to and from Schefferville, Quebec with the connecting carrier, Tshiuetin Rail Transportation). QNS&L is a wholly-owned subsidiary of the Iron Ore Company of Canada (IOC). QNS&L offers bulk, through-freight and way-freight type rail services on its line. Part of the success of Rio Tinto and IRON ORE COMPANY OF CANADA is working because of the involvement of local communities and Indigenous Participation.
http://www.qnsl.ca/en/about-qnsl
http://www.ironore.ca/en/what-we-do/our-operations
http://www.ironore.ca/en/suppliers/indigenous-businesses
http://www.ironore.ca/en/commitments/indigenous-participation
For those who do not understand the difficulties with opening the mine in Schefferville I am going posting articles and the major players in the area and you should be able to see who has the most to gain or lose by the mine opening and what management needs to secure in contracts or partners with the players that could have a huge impact in getting us open or acquired. A portion of the town of Schefferville was torn down after mining stopped and creates a portion of problems with the opening along with contracts and involvement with local indigenous people and railway. I am still Bullish about LBRMF but have change what believe might be the direction of us will end up happening, but just my opinion. If this article is too long to keep your interest just skip to the areas that discuss Schefferville
https://www.sciencedirect.com/science/article/pii/S2214790X21001799
I would like to see myself putting a big deposit in my bank account.
Have to see what happens this spring.
Hope all you disappointed investors have a great Holiday Season anyways.
I’d say a deposit.
Can we really call it a mine? We own a rock pile.
But what is going on with our mine ? Why there is no info?
Iron ore price hits six-month high
https://www.mining.com/iron-ore-price-hit-six-month-high-as-china-plans-more-stimulus/
What did Kearney did that nobody trust them enough to start the Houston project? The price of iron ore is very high since 3 years.Also Kearny said 3 years ago because of first Nations, undertakers request he was going to get the Houston mine opened. What did he do that nobody trust the company anymore. The PEA is good they have all permits the company has no debt just a little railroad to construct. They had someone ready to invest this summer but nothing happened. We need good explanation from this Kearny. That looks like lies lies lies and lies. Hope there is a way to get rid of him as CEO it cannot be worst then what it is now. Enough bullshit from this guy, it is time for to leave....
Looks like they got some explaining to shareholders, but they always seem to mention they own 12% of our mine. Ore going up, they are going down, time to sell out their interest to someone who will get this done.
https://reporter.am/2022/12/09/anglesey-mining-lonaym-stock-price-crosses-below-200-day-moving-average-of-2-76.html
Iron Ore Climbs to Four-Month High on Optimism
https://www.bloomberg.com/news/articles/2022-12-09/iron-ore-climbs-to-four-month-high-on-optimism-over-china-policy?leadSource=uverify%20wall
Iron ore jumps to six-month highs
https://seekingalpha.com/news/3915707-iron-ore-jumps-to-six-month-highs-as-china-eases-covid-restrictions
Citi says $150 by June could happen
https://www.moneycontrol.com/news/business/commodities/iron-ore-prices-jump-on-hopes-of-demand-spurt-as-china-eases-covid-curbs-9675211.html
We broke $110, Now management needs to get going with this shovel ready mine or sell to someone who will open.
https://seekingalpha.com/symbol/TIOC:COM
Current price of Iron Ore is 22% above PEA, that's all profit, make a move management when the iron is HOT
Just about $110, about time for an update from company
https://seekingalpha.com/symbol/TIOC:COM
Yes you are right, most of the permits we got already
Do not forget about the beneficiation plant, already permitted and adds huge value for future operations of lower grade ore.
https://iaac-aeic.gc.ca/050/evaluations/proj/80027
Scully mine produces product with a concentrate grade as set out in the initial feasibility study at 65.9% Fe, a level that exceeds the specifications of both the industry’s standard 62% benchmark as well as the industry’s high grade 65% benchmark, with respect to both grade and quality.
Tacora has an agreement with Cargill, who purchases 100% of the high-grade iron ore concentrate produced by the Scully Mine and Cargill has rolling options to extend this agreement over the life of the Scully Mine.
Was this Scully's interest in our mine. I know Tacora is having permit issues with future tailings.
https://iaac-aeic.gc.ca/050/evaluations/exploration?projDocs=83596
Our neighbors are making bank, hopefully management is busy with how this sector is getting so much attention.
https://www.stocktrades.ca/canadian-iron-ore-stocks/
$107.44 Time to open up Labrador, Make a deal or sell to someone who will.
https://seekingalpha.com/symbol/TIOC:COM
Upon the Scully announcement, Kearney said they would 'come back in a year' and assess the situation. Is this correct? If so, that will be August 2023. In other words, the end of next summer. In more words, this won't open until 2024, based on the words of Kearney. I've been watching AYM very closely, and there seems to be a lot of similarities in the 'carrot on a stick' action of these companies.
It has to happen in 6 months or it will never happen
They should’ve had a offtske deal on the table months ago.. asleep at the wheel imo…. Smh
Thanks for your due diligence, have a great weekend everybody..........
Hopefully they find a partner, off taker, investor, financing or sell to someone who will move forward the operation ready to open in as little as 12 months.
Just some weekend reading in case the leadership of company needs something to get them motived.
Got to love the chart
https://markets.ft.com/data/commodities/tearsheet/summary?c=Iron+ore
Now if we only had an operational mine.....LOL
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PUBLISH DATE | TITLE | PERIOD END DATE |
---|---|---|
11/12/2021 | Quarterly Report - Disclosure Statement | 09/30/2021 |
11/12/2021 | Quarterly Report - Management's Discussion & Analysis | 09/30/2021 |
11/12/2021 | Quarterly Report - Financial Statements | 09/30/2021 |
08/13/2021 | Quarterly Report - Disclosure Statement | 06/30/2021 |
08/13/2021 | Quarterly Report - Management's Discussion & Analysis | 06/30/2021 |
08/13/2021 | Quarterly Report - Financial Statements | 06/30/2021 |
06/30/2021 | Annual Report - Disclosure Statement (Amended) | 03/31/2021 |
06/29/2021 | Annual Report - Management's Discussion & Analysis | 03/31/2021 |
06/29/2021 | Annual Report - Financial Statements | 03/31/2021 |
02/12/2021 | Quarterly Report - Disclosure Statement | 12/31/2020 |
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