Wednesday, April 07, 2021 7:27:16 AM
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
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