Labrador Iron Mines Holdings Ltd (LBRMF)

[bobbleheadtwin]

Help from others needed,

I know that someone has done the math of the value of LBRMF off the PEA, if using today's price of Ore $110 with no off-take agreement and a cost of 60 million over life of mine @ 8% with current share structure. Alternate with off-take agreement costs of $10 million @ 8% with current share structure and an average cost of $100 for Ore (off-take proposal was a split of costs above PEA price). Or if there is a previous post of similar results maybe at different ore pricing please post or stickey to this web page. I am sure that people would be able to understand that in a low-cost Ore environment off- take helps to guaranty future profits, but in a high-cost Ore environment everything above PEA estimates are pure profits, but if off-take agreement it was proposed 50/50 split above a set price for delivery in Schefferville. Thanks ahead of time