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greasemonkeyshoes

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greasemonkeyshoes

Re: None

Thursday, 11/15/2012 12:06:00 PM

Thursday, November 15, 2012 12:06:00 PM

Post# of 7895
Importance of $120.00 ore price to a Jr. miner......

http://www.gowebcasting.com/events/labrador-iron-mines-holdings-limited/2012/11/15/labrador-iron-mines-q2-conference-call-and-webcast/play/stream/6353

Last investor in the Q/A most likely a disgruntled shareholder and had the rug pulled under him,with his losses easily topped more than 75%! The bottom line: This is a commodity-price-dependent business,the price change CUTS BOTH WAYS!! And this stock is likely to go lower than $0.70 soon.

ps-"Spot price" do not have the same meaning,if you are a small producer,in a downward iron ore market!!OOOOuuuccchhhhhhh.....
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