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Big News.......
Next week we should hear something.....
TGIF.......
Have a Great Weekend......
GO LBRMF.....
It's Hammer time..........
What Is the Hammer Candlestick Formation? The Hammer candlestick formation is viewed as a bullish reversal candlestick pattern that mainly occurs at the bottom of downtrends. The Hammer helps traders visualize where support and demand are located. After a downtrend, the Hammer can signal to traders that the downtrend could be over and that short positions could potentially be covered.
Good Post...........
Will iron ore prices continue to rise?
25 Feb 2021 | by: Kirsteen Mackay
Earlier this month, investment bank Credit Suisse forecast the price of iron ore reaching $150 in 2021. Two weeks later it had exceeded that and today is around $164. That’s the highest it’s been in nearly a decade. The reason for the iron ore price rise is increasing demand and reduced supply.
Why is iron ore in demand?
Iron ore gained the title of best performing metal commodity of 2020. Strong Chinese demand and reduced supply created the perfect environment for enhanced price action, further fuelled by market momentum.
With emerging markets modernising their infrastructure and striving for a middle-class lifestyle, demand for commodities continues to soar. Top of the list is iron ore because it’s a core component in the production of steel. Asian steel producers are making steel products in a variety of forms including steel rebar, steel plates and hot rolled coils. Steel is also extensively used in ship building, construction, and various manufacturing procedures.
Iron ore miner Rio Tinto (ASX:RIO, LON:RIO) agrees with the assessment that iron ore is entering a period of strength. It’s experiencing plenty of demand from the steel producers it sells to. The world’s biggest iron ore importer is China. And since appearing to emerge from the pandemic relatively unscathed, China is undergoing a construction boom.
The world’s biggest iron ore exporting countries are Australia and Brazil. And the story is the same for BHP Group (NYSE:BHP, LON:BHP) which mines in both these jurisdictions.
However, it’s not just China seeing an increase in demand for steel. The US and EU are also in the market for steel.
Geopolitical tensions
However, geopolitical tensions are also impacting iron ore prices. Australia is the main iron ore supplier to China, but last year heightened tensions between the two countries caused supply interruption. This in turn put pressure on the price of iron ore.
Everyone knows Covid-19 originated in China, but Australia demanded a comprehensive investigation of its cause. This led China to take offence and a trade battle ensued.
The Chinese have been buying up extra iron ore as a backup in case Australia enforces further restrictions.
Meanwhile, exports from Brazil were deemed less favourable after a disaster shook the region in 2019. Brazilian mining company Vale (NYSE: VALE) is a major iron ore producer. It has fallen from grace after causing an environmental catastrophe in January 2019, when its mining waste dam burst, killing 270 people. It recently agreed to a $7 billion settlement. But has cut its production forecasts until 2023.
Iron ore stocks are thriving
Anglo-Australian metal miner Rio Tinto is thriving. Its share price has risen 36% in a year. Meanwhile BHP Group’s share price is up 63% in New York and 47% in London for the same period.
Even Brazilian mining company Vale (NYSE: VALE), which has been operating under a shadow has seen its share price rise 66% in a year.
Higher prices encourage production, which increases appetite for investment. If this comes to pass, then it should offset the supply shortages, but that will also be dependent on a successful vaccine rollout to reignite economies.
Severstal (MCX: CHMF, VIE:SVST) is one of Russia’s largest steel producers, and a source there believes the existing shortage in the global steel market will keep prices high for a good while yet.
Iron ore futures market sees rising demand
In the derivatives market, Singapore futures for iron ore have risen over 70% year-on-year to hit a record high since this type of trading began seven years ago
Michael Syn, head of derivatives at The Singapore Mercantile Exchange SGX, told Bloomberg:
“Iron ore has become Asia’s first truly global commodity, increasingly following in the footsteps of the oil complex in terms of size and economic importance,”
In December Bloomberg reported that iron ore futures climbed as much as 5.7% to $155 a ton on the Singapore Exchange. Meanwhile, iron ore futures on the Dalian Commodity Exchange soared 10% for the first time in history crossing the mark of 1,000 yuan (US$152.9)/tonne, while hot-rolled coil and rebar in Shanghai also advanced.
Chinese producers have demanded the national State Administration for Market Regulation and the Securities Commission step in to investigate pricing in the iron ore market.
Many areas of international stock markets are operating in speculative territory and it seems iron ore may be one of these. Even the $155-$160/tonne level is considered a very high price to pay for iron ore. Nevertheless, analysts don’t expect it to drop in the near term.
While high prices are good for the miner’s stock prices and investment in the market, the volatility makes life difficult for producers. Therefore, stabilization would be preferred.
Not for LBRMF........They can and will produce, lots of IRON in Sheville.....
GO LBRMF.....GLTA
No doubt, for some... it takes two clues too make a inkling.....
To each his own.....snooze you lose....
Got my 2500k shares this am.....
I'm going to try and pick up another 2500k tomorrow.....
I doubt this is going to get into the 30's anymore and what's the difference with 2 to 3 cents......
This is going nothing but up soon...
Can't wait...this is going to be exciting....
GO LBRMF.... Could still load up some more $$$$.....
GLTA
LBRMF....BLAST OFF...Let's say 1st week of March????
GO LBRMF.....
Actually, this is how I found LBRMF....on the Breakout Board back in Oct 2019 when it popped.....
Could have sold out back then, but common sense said to wait til this spring. Never thought in a million years the whole world would be locked down all of last year. Totally Insane....
You never lose any of your investment, unless you sell them when the chips are down. Just need patience, and find another way to make up for that initial investment.
GO LBRMF.......
Labrador Mines Inc
This is the mining operation, I assume these are older pics, not sure what it looks like at present moment......
For sure...that is a very nice sleek looking fast bike....
Personally, I have my eye on this new Harley.....ironically the name is also appropriate....LOL...
2021 Harley Davidson HDFDX11 IRON & AIR
GO LBRMF...Let's get this Party Started
Investing in LBRMF when you did....All you have too do is wait till spring... you will be able to buy your Dream Bikes.....
It will be like Christmas in the Spring time...LOL...
2021 YAMAHA R1
2021 KAWASAKI ZX-6R
$10 a share and you could get both.......
Ultra for the Coast to Coast trips, and the Road King to Buzz around town.......Nice Hogs.....
2021 Ultra Limited
2021 Road King Special
Yes, maybe next week will be like printing money if that PEA comes out....if not, there will still be some cheap shares for the ones who still want to get in on this party.....under a dollar is still a good deal.....
Enjoy the weekend everyone.....
GO LBRMF & GLTA........
I am on the lock it up and forget about it program......
Let the sellers sell at $1 to $3.........
Looking forward to the mine opening and watching the progress in June.....
GLTA
Exactly, I feel they are going to pull more ore out of this mine than they are anticipating.....they sky has no limit here, plus with the projected price of ore over the next 3 yrs, they will capitalize on this, GUARANTEED.
Assured, LBRMF will find a way to do this...plus they have no debt, have proven from past how much they can get out of that mine, and will have no problem for the financing of this operation. Big money will be lined up at LBRMF's door to get in on this gravy train if they haven't already.
Isn't there some kind of miner convention coming up soon that was posted on this board?
This is going to be exciting how this unfolds...GLTA.......
For sure.....LBRMF should have lots of incentive to mine more ore out of ground and get it to market from what they have projected.......
They are probably just being conservative for the PEA release.....
I have a feeling we are going to see some good movement tues to friday this week....
Things are definitely gearing up..this is why they put the news release yesterday...they know.....
Yes, Great News to Wake up to with my Coffee......
Quote from News Release Feb 12/21:
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.
Labrador Mines
With these ore prices staying around $190 per tonne I'm sure LBRMF will find ways to increase production to get more than 2 million tonnes a year out of that mine. Railway all set up and ready to go......
GO LBRMF & GLTA that got in and topped off under $.50 this week. I would like to by more, but my investment account is kinda low these days....maybe I'll take my bottles in this weekend...LOL...
LOOKING FORWARD TO MONDAY........ MAYBE ?????
The history on that stock is insane.....
The chart looks like Mt Everest......LOL.....
Yes, Psychedelics is a new upcoming sector to the market.....looks promising......
I have done a fair amount of research on this over the years. Potentially can be used as medicine without the Psychedelic euphoria affects, there is a trail starting on this for stroke victims just recently.
Found some science on this: https://observatory.synthesisretreat.com/could-psychedelics-improve-your-brains-neuroplasticity
Rebuilds neurons connections in the brain... its called Brain Plasticity, also known as neuroplasticity, is a term that refers to the brain's ability to change and adapt as a result of experience. ... Neuro refers to neurons, the nerve cells that are the building blocks of the brain and nervous system, and plasticity refers to the brain's malleability.
This is a interesting company, have to do some more D&D.
Dirt Cheap and the volume has been insane lately.
Cannabis sector is picking up as of lately, Good timing..... plus the possible legalization in the US.
Did not think it would happen this fast......looking like anything under $.40 was a good buy.....
$1.00 before PEA release.....
Looking very BULLISH.....
GLTA especially the Longs...
"Good things come to those who wait"
There are probably lots of investors that are just wishing LBRMF would go back to $.30 and under......
I'm afraid those days are over...
I'm predicting this will be close to a dollar when the PEA comes out...Just one opinion.....
Face it... we are looking at a huge commodity that is going to make nothing but money...
Black Gold
There is lots in them hills...
GLTA...Get em cheap while you can $$$$$$
A dollar is not unrealistic at all in a couple weeks......
LMBRF is very strong and has broke the wall of $.30
Nothing but up from here folks.......
Stay Tuned for Tomorrow....
GLTA $$$$$$$$$$$
Tomorrow is going to be very interesting......lots of eyes on LBRMF....
Get them will they are cheap....days of under .30 I think are over...
Go LMBRF $$$$$$$$$$$$$$$$$$
Wonder how this affects the mining industry, that is a lot of compensation.....so sad for all those lives lost.......
The Brazilian mining giant Vale has agreed to pay $7bn compensation for a deadly dam collapse that killed 272 people.
Brazil dam collapse: bodies pulled from toxic mud as hope fades for survivors
The Brumadinho disaster, on 25 January 2019, is considered one of worst environmental tragedies in Brazilian history.
At just after noon that day the tailing dam’s sudden collapse caused a toxic torrent of mining waste to sweep across a rural pocket of Minas Gerais state at speeds of up to 80km/h, swallowing everything in its path. Many of the dead were Vale employees and 11 victims were never found.
On Thursday, just over two years later, Minas Gerais’s governor, Romeu Zema, announced Vale had agreed to pay the state R$37.68bn (£5bn/$7bn) in what he claimed was “Latin America’s biggest reparation package”.
“We did it!” Zema tweeted, adding that the multibillion-dollar settlement would not affect criminal or civil claims relating to the collapse’s human and environmental cost.
“We can’t change the past but we can improve the future,” Zema added, according to the newspaper Estado de São Paulo.
In a statement Vale’s chief executive, Eduardo Bartolomeo, said: “Vale is committed to fully repair and compensate the damage caused by the tragedy in Brumadinho and to increasingly contribute to the improvement and development of the communities in which we operate.
“We know that we have work to do and we remain firm in that purpose,” Bartolomeo added.
The deal was reportedly less than the R$54bn Minas Gerais had been demanding from Vale over the disaster in Brumadinho, a town of about 40,000 inhabitants just southwest of the state capital Belo Horizonte.
But Zema claimed the funds would help repair the local economy and environment, both battered by the mining disaster.
Yes, I see that also, I have waited for over a year, can wait another 4 months or plus.
Go LBRMF $$$$$$$$$$
Me too......hopefully I can find a riding partner that comes close to looking like this...LOL......
LBRMF is no turd that won't need any kind of shining up.....it's solid like a rock, or should I say solid like IRON.....
GO LBRMF and all the Best to the Longs and New Investors....
LBRMF is Bullish and Holding Strong...
4 weeks and counting on PEA.......
GO LBRMF & Good Luck to All $$$$$$$
There are two different Labradors...one is Mines and the other is Iron Ore Corp.....we want the Mine one to go to $30.00 this spring so we can buy the Harley's....Yamaha's and Tesla's......LOL.....
The Yamaha is a nice looking bike.....I couldn't ride one though...way too fast for me....probably kill myself....LOL....
YAMAHA-yzfr1-2020-carbonin-carbon1
I like to go SLOW & LOUD....
I'm not putting the cart before the horse.....but LBRMF is a solid stock. I'm in cheap and have more patients than a Doctor has with this one......
Nothing wrong with dreaming though !!!!!!!
GO LBRMF !!!!
I would like to get a Harley also......
This one looks Bad Ass.....
Excellent D&D.......
Dec 11/20 News
Labrador - Canada
The group continues to hold a 12% interest in Labrador Iron Mines Holdings Limited (LIM) which owns extensive iron ore resources in the Schefferville area of Labrador and Quebec in Canada.
LIM holds direct shipping mineral resources of approximately 55 million tonnes at an average grade of 56.8% in the Houston project. In addition LIM holds the Elizabeth Taconite Project which has a current inferred mineral resource estimated at 620 million tonnes at an average grade of 31.8% Fe.
LIM has recently appointed RPA of Toronto to carry out a PEA on the Houston direct shipping iron ore project.
Houston, which lies approximately 30 kilometres south of LIM’s previous James Mine operation, will be very similar in design and operational characteristics to James and is therefore well understood.
It is expected that the PEA will look at an operation producing approximately 2 million tonnes per year. The PEA is due for completion early in 2021 and could provide the impetus to move Houston forward to financing and production.
LIM’s former James Mine and the Silver Yards processing facility have been in a progressive reclamation since the termination of mining at the James Mine in 2014.
This work is now virtually complete and has resulted in the release of several reclamation bonds previously provided to regulatory authorities.
LIM’s Elizabeth Project represents an opportunity to develop a major new taconite operation in the Schefferville region of the Labrador Trough which would produce a high-grade saleable iron ore product.
This would attract premium prices in the current iron ore market.
Current Prices $192 per Tonne as of Jan 22/21
Looking forward to next week...
GO LBRMF $$$$$$$$
AI
