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I am seeing more companies setting up there own channels on Ytube just for the fact of being transparent.
So many phony pump and dump companies out there.....people are catching on to these fraudsters.
I want to invest in good honest companies that actually make money, not the ones that just have hyped up news releases, pay themselves huge salaries and don't generate any cash flow.
It was very informational, a must watch. I liked the fact that LBRMF goes by the book when it comes to the reclamation of the environment.
After hearing this, I would not be surprised a very large company would want to do business with LBRMF.
They have a successful track record and know what they are doing in the mining industry. Plus good relationships with the Government and the different indigenous groups in that area.
For sure, looking forward to hear more news from LBRMF.....
So many steel projects behind schedule because of last year.....
Sure doubt iron ore is going to go down per ton this year.......if anything it may go up...
LBRMF knows this as well, and doing what they can to get things rolling......
That's Good News......
So in theory, LBRMF should be listed by summer or sooner.
Thanks, much appreciated.......
That's great credentials to have you on this board....Thanks for letting us know....
Question: What will it take for LMBRF to make it to the TSX???
Yes....I think the word is starting to get out.....
I have waited over a year and a half, I can wait another 5 months....but you never know how this will roll in a couple months.
I stocked up... so I can sell some at a dollar, if I want some extra cash......
At least we know what the plan is everybody, and are not hoping on some news a few months from now, like a lot of other plays out there in penny land......
GLTA......
There is also lots of stimulus coming....this guy mentions metals and infrastructure stimulus and iron is going to be needed big time for that.
Iron Markets look good for 2021......
Just in......
Labrador Iron Mines Announces Results of Preliminary Economic Assessment of the Houston Project
NPV8% $109 million after-tax at conservative base case iron ore price, IRR 39% after-tax base case
"Strong PEA supports LIM's plan to resume iron ore production
with low re-start capital and robust economics"
Toronto, Ontario--(Newsfile Corp. - March 9, 2021) - Labrador Iron Mines Holdings Limited (OTC: LBRMF) ("LIMH" or the "Company") announces the results of an independent Preliminary Economic Assessment ("PEA") on its Houston Project prepared by Roscoe Postle Associates Inc ("RPA"), now part of SLR Consulting Ltd.
The Houston Project is an open pit, direct shipping, iron ore project located in the Labrador Trough region in eastern Canada, near the town of Schefferville, Quebec, consisting of the Houston 1, 2 and 3 deposits in Newfoundland and Labrador, and the Malcolm deposit in Quebec. The Houston Project is owned 100% by Labrador Iron Mines Limited ("LIM") and its wholly-owned subsidiary Schefferville Mines Inc. ("SMI"). LIMH owns 52% of LIM.
All currency references in this News Release are in Canadian dollars and all units of measurement are metric, unless otherwise indicated. The terms "iron ore" and "ore" in this News Release are used in their descriptive sense and should not be construed as representing current economic viability.
PEA Highlights (100% Basis)
BOOOM $$$$$
GO LBRMF.....GLTA
We are on the Breakout Board #44....word is out...this is how I found this gem.......
Anybody have a intuitive guess when LBRMF releases their PEA???
Lets Review...Date Feb 12/21 FRIDAY
LIM is now working to advance Stage 2 of its planned direct shipping ore mining operations, which involves the development of its Houston Project, located about 15 km southeast of Schefferville. Subject to securing development financing, LIM is working to commence production of direct shipping iron ore from the Houston deposits at the earliest opportunity.
The strategy aims to maximize the quantity of higher-grade mineralization and minimize the waste mined in the plan, thus lowering the strip ratio, with the objective of reducing overall costs. The revised mine plan is now scheduling distinct phases of mining in multiple smaller pits within the already permitted project footprint and is likely to result in a smaller overall disturbance area.
When in full production, the Houston Project is expected to produce consistent saleable product of about 2 million tonnes per year for at least 10 years. The Houston deposits contain harder ore than the previous James mine and are anticipated to produce a larger proportion of premium lump ore product.
The results of the PEA are expected to be available around the end of February, and the Technical Report is expected to be filed before the end of the Company's current financial year ending March 31, 2021.
I'll say they release PEA on a Friday again, so either this Friday or next Friday......any guesses?????
U2.....lets all take a break and do something good for ourselves this weekend.....
There are probably a lot of legalities required for this PEA to be released, so all the t's need to be crossed and I's dotted that we all have no idea of.
LBRMF is not going to go into this half cocked.
They need to have all their ducks in a row before they move forward, then there will be lots of excitement for all...
See what happens next week..........
Stay Tuned...Relax.. and Chill Out for the Weekend.....
GO LBRMF & Good Luck To All
Yes, I heard eastern Canada will experience above normal temperatures this spring.
That's excellent, let us know if you find any more updates.
Thank You
Wow..I never knew that.....learn something new everyday.
Glad I topped up today....
Here I googled it....
A Dragonfly Doji is a type of candlestick pattern that can signal a potential reversal in price to the downside or upside, depending on past price action. It's formed when the asset's high, open, and close prices are the same. ... Following a downtrend, the dragonfly candlestick may signal a price rise is forthcoming.
Good for you, that's what I do, why fart around with the 2cent difference......
Let the sellers have their 2 cent profit......
Good for you, when did you get in? I have been faithfully watching LBRMF for close to a year and half now since I invested, and was watching the volume go up at the end of Oct 2020 around 755,000 trading at .01 to .02.... then the volume spiked up to 1,600,000 to 2,648, 000 from Nov 23 to Nov 30 trading at .03 to .08 and said Hmmmm.... there's some activity finally happening...should have bought some more then. I had easily $1000 to put in at that time and could have picked up another 15K and that would have pushed me to 6 figure mark.
Waited this long, so can wait til this summer.
Been adding slowly and still may buy more, under a Dollar is still good.
To All New Investors.........
WARNING......LOL......
GO LBRMF.......
GLTA