Labrador Iron Mines Holdings Ltd (LBRMF)

[Believe444]

Very interesting, Let's break down and review what Jo said in that interview, because so much can just fly right over our heads.

The CEO Jo Battserhill of Anglesey Mining, (who has been in the industry for a very long time) said: Of all the assets that Anglesey mines has, LBRMF is the closest to cash flow. With Scully just recently investing 6 mil, that triggers the next round of work on opening the Houston project.

They are speaking with lots of Iron ore traders and the feedback is the post Ukraine and Russia issues, and the area of most interest is Labrador Trough and Sweden because of the grade of the ore. He also said that the Pilbara, which is the iron ore in Australia, there is lots of ore, but is in great decline, but it is not that good of grade as in the Labrador Trough.

So for most steel producers the biggest cost is the freight and getting the ore to the mill. So Labrador is high grade product and easy to ship as we all know. (As per the pics in my recent post replied) He finishes off to say “Lets not forget the last time LBRMF got into production it almost got to a market cap of 900 million dollars, and at that point Anglesey had 45% of it”. Start to finish to get the mine up and running is 12 to 15 months. “So the best of luck to the team at LBRMF because we are going to benefit massively and we are in a great position to be in, it is a great strategic holding for us”

Personally, I feel High grade ore is going to be very much needed to rebuild military assets.
Apparently this ore is in Labrador and Sweden.

That is the best information we have heard from a CEO's perspective about LBRMF, and they have so much invested just like Gerald group.

Stay Tuned......

GO LBRMF..........