Labrador Iron Mines Holdings Ltd (LBRMF)

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Scully’s core asset is a net revenues-royalty interest in the Scully iron-ore mine, located at Wabush in Newfoundland and Labrador, Canada. The Wabush mine has a capacity of six-million tonnes a year and produces what is considered a premium iron-ore product with iron content of more than 65%. It uses the same rail and port, Sept-Iles, as LIM plans to use for the Houston project.