Labrador Iron Mines Holdings Ltd (LBRMF)

[Steve P]

Good morning dear fellow investors and chill out.This is from AYM's website, read the second paragraph

Labrador Iron Mines – Houston Preliminary Economic Assessment

On 29 Oct 2020, Labrador Iron Mines Holdings Limited (“LIM”) in which Anglesey has a 12% holding, announced the commencement of a Preliminary Economic Assessment on its Houston project in Labrador, Canada. This represents the first major development of LIM’s assets since the last production in 2014.

In light of persistently stronger iron ore prices over the past two years, and with increased inquiries and expressions of interest from potential off-takers seeking iron ore supply and with encouragement from local indigenous stakeholders, LIM is now working to advance Stage 2 of its planned direct shipping ore mining operations, which involves the development of its Houston deposits, located about 25 km south of Schefferville Iron Mines. See Houston PEA for full news release.

The latest update to the PEA was published on 09 Mar 2021, see the News page for details or this link for the full report: LIM_PEA_09March2021