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Back down to 30,000 bid at.265
What I got out of the talk about the road is that there already is one... But it goes through town. So they want to built a shorter direct route. And I completely agree with your statement.
Thanks for sharing. Why in the world would they NOT follow their plan with iron ore as high as it is. Holding strong.
I'm ready as well. How much shorting is going on do you think?
Check out the L2. First time I've seen an ask at.55 in awhile.
We'll be traveling in the new RV.
Thank you!!
I don't have access to the entire article... Would you mind copying here?
I have been. Trying to grow my and my kids IRAs. Learned you can open a custodial IRA for kids.
This company is near our baby!
https://www.mining.com/rising-premium-iron-ore-demand-quebecs-time-to-shine/
I completely agree.... A little communication would go a long way. But that hasn't changed my confidence. Very excited and wish I had loaded double the amount I have a year ago. But who would have thought ore prices would be this high already.
I want to invest in companies that plan to grow and build their company and follow their plan. Not ones that worry about fluffing up their shareholders. As you say, They are busy behind the scenes. I recall the day I got an email from them announcing the PEA results. When they are ready to announce the next step, then we will receive emails. Patience. Add while it's cheap. Although I think it would be fun for us all to arrive in F250s (excellent choice) with shovels in hand. I'd join that party.
Agreed. Volume is key. I added some today early on.
Even a year ago when I was buying at the bottom I had a hard time getting fills. Tap it. ??
Let's get this week started! $LBRMF
https://www.bloomberg.com/news/articles/2021-05-10/iron-ore-turns-very-very-hot-as-prices-jump-10-in-minutes
Has anyone speculated about other uses of iron than the traditional steel manufacturing?
https://www.bbc.com/future/article/20210223-the-battery-invented-120-years-too-soon
Current Spac $STWO below:
Merger expected Q3 2021
https://essinc.com/
Steel producers willing to pay premium prices to secure higher-grade iron ore: report
https://stockhead.com.au/resources/steel-producers-willing-to-pay-premium-prices-to-secure-higher-grade-iron-ore-report/
Below is a link with video. Interview with LIF on the TSX. Perhaps this can help explain the difference. And I agree... This is perhaps the company that market eat was referring to a few months back.
http://www.bnnbloomberg.ca/video/labrador-iron-ore-royalty-hits-record-highs-with-strong-steel-demand~2194759
Excellent points that I agree with. Same CEO from 2014. They aren't pumping out fluff. More likely working hard behind the scenes. I'm here to stay whether it takes 4 months or 18 months. We are in unprecedented times in post covid world. On the cusp of green energy taking over which will require new infustructure. No brianer. If it takes longer I could possibly double my position which isn't small. I'm patient.
Thank you for sharing! Do you have a link?
I have patience. I Keep accumulating. The timing of this investment with commodity prices surging and demand increasing couldn't be better.
Thanks for sharing! That's great!
I agree friend. This isn't being pumped by anyone here. Nothing shady about this company and CEO is the same guy who was here in 2014. Move on if you don't like it. I am here to stay.
Go $LBRMF
PEA Strong Financial Results
The PEA uses an assumed long term iron ore price of US$90/dmt, reflecting the current 3-year trailing average, as the base case in the financial analysis, which is about 45% below the current iron ore market price.
http://www.labradorironmines.ca//pdf/LIMHNR2021MAR31-Labrador_Iron_Mines_Files_Technical_Report_on_Houston_Project.pdf
Thanks for sharing and remaining us all. Enjoy the weekend all.
Not worried. They are frequently, slightly late with updates. But they will come. I can keep adding at these levels. I've been here long and will continue to hold long.
New Article
“This is the start of the boom, not the end,” said Tribeca Global Natural Resources portfolio manager Ben Cleary.
https://www.mining.com/iron-ore-prices-jump-on-strong-industrial-activity-in-china/
Excellent!
Someone wants out!
What makes you say that? I'm ready!
I was lucky enough to be able to buy some sub.01. But I'm waiting as well. Legit company, experienced CEO. Can't ask for anything more than that! Especially these days.
Hold steady and add.
General article but it explains a commodity supercycle. IMO, Why mine life and longevity is valuable.
"In the usual business cycle, demand pushes prices up, and supply increases to try to capture that windfall, sending prices down again. In a supercycle, supply is so inadequate to demand growth that prices rise for years, even a decade or more."
https://www.mining.com/web/we-may-be-entering-a-new-commodities-supercycle/
I saw that about that Twitter pumper. We have a legit company here. They are making sure they are taking all the correct steps. This is not LBRMF first rodeo. Very exciting times.
I couldn't agree more! Completely transparent. Very excited to be a part of this.
Very good overview of the history of the company. Get to know the CEO a bit and how they are managing things. And YES there is an access road and it's clear. Yes they want to build a shorter one but there is an existing road. Good relations with indigenous people. Only 15 min. Take a listen. Info on the Elizabethan mine as well.
Awesome! Thanks. There's a corporate update video as well. 5 days old.
This is in Michigan. Shows interest in getting started preparing for the need for more ore.
https://www.google.com/amp/s/upnorthlive.com/amp/news/local/soo-locks-opening-early-to-help-replenish-iron-ore-for-steel-mills
Look at all the buys today! Not a lot of sellers.
Excellent choice of words.