Labrador Iron Mines Holdings Ltd (LBRMF)

[Mohonk]

Too many maybe's in your post Steve I hope you see that. Back when LBRMF was profitable from 2010 to 2012 it was only for 2 years. To project that there will be profits for 12 years is not a sound predication. Also so say they will be on the TSX and move to Brazil is reaching.

China could be building Iron Ore in Africa and in other places around the world.

https://asia.nikkei.com/Business/Markets/Commodities/China-determined-to-build-iron-ore-hub-in-Africa-as-Australia-goes-Quad

Do you think China wants to buy from Canada with the political tensions?

https://www.theglobeandmail.com/politics/article-politics-briefing-chinese-diplomat-calls-trudeau-boy-as-tensions/

One bird in the hand is worth more than 2 in the bush. LBRMF should have seen the writing on the board last year when Iron ore was so high. The PEA was supposed to be done by end of last year and was 3 months late. To say that the road and rail will be done in 4 months is ridiculous. Have they even started that work yet? Have then hired posted any jobs yet? No.

The bottom line is that they project to be up and running in 17 months. Anyone who has worked in construction knows that things usually take twice as long as you think.

Sorry Steve your analysis does not take into account other relevant information that regarding what the future holds for the price of iron ore and LBRMF's ability to capitalize. The boat has left...