Labrador Iron Mines Holdings Ltd (LBRMF)

[Shadar]

Loaded question. It all depends on the price of iron ore.

My estimate, is that if Iron ore prices are at $90 PMT the PPS would be around $2 - $3 a share. Price per share would be adjusted accordingly depending on Iron ore prices at any given time.

If Iron ore prices are as they are now ($150 PMT), we should see PPS at around $5 - $7. If it gets closer to the $200 range we saw for iron last year, PPS should be around $10-$15.

On a side note, I expect PPS to jump to close to $1 per share once financing is announced.

Just my $.02.