Labrador Iron Mines Holdings Ltd (LBRMF)

[Steve P]

Sure i am afraid so much i may sell at $0.30 right now .LOL.....Do you know how many articles hundreds of newspapers and other media wrote about the so called housing bubble in Toronto ? I know one thing , for the last 25 years the market goes only up up and up.My house of $250.000 , now is $1.5 million.If i have sold it because all these experts were writing from the morning till night every day that the bubble will burst i would have lost 1 million CAD.In a few years from now it will go $2 mil, you know why ? because we have 150.000 new immigrants every year and most of them come to Toronto and they need housing.Supply and demand as simple as that, so as long as there is a huge need for steel and ore, nothing is going to happen.China needs steel and ore for the next decade like crazy, Biden's big project for America will last at least 10 years from the moment it will start.For sure the price of ore is not going to be $300 or stay at $200 all the time, it will drop.But it will not drop below $140 for the next 2 years.Until $60 per tonne $LBRMF is profitable.Do you predict prices below $60 ? NO WAY
Plus as purezoob said it's CNN,......US was burning and they were showing peaceful protesters LOL......$LBRMF is almost risk free