Replies to post #6723 on Labrador Iron Mines Holdings Ltd (LBRMF)

[Believe444]

So true, and for most people, when it hits a dollar, they will get out, take the money and run... and not look back, because it will be too depressing to see when it hits $4-$15 dollars.

GO LBRMF.......

[Shadar]

Interesting estimates. Don't get me wrong Steve, I hope you are right but below is a correlation when they were open before of various dates between the price of iron ore and the price per share.

  
         Iron Ore     
 Date    Price           Share Price     
 3/11    $170PMT         $14.65 PPS 
 6/11    $165PMT         $11.52 PPS 
 1/12    $138PMT         $5.84  PPS 
 3/12    $143PMT         $4.59  PPS 
 6/12    $134PMT         $2.63  PPS 
 9/12    $98 PMT         $1.37  PPS 
  
  
 It went downhill fast from there 
 

Things that should positively effect price per share, dependent on ore prices, are the fact that the iron ore should be cheaper to mine with the rail and new harbor that didn't exist in 2011-2013. How much? IDK.