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leilomo · 06-02-2012, 02:45 PM

Anybody in Labrador Iron Mines (LIM.TO) or any iron ore plays? It's getting beaten up pretty bad out there. They did a lot of financing in the 5's and it's currently down to $2.89. Last year they were sitting at $14.50 when the iron ore pricing was still in the 180s.

They're starting their first full year of production now with a growing production profile for the next few years. Management is great, delivering on all of their promises and they are at 50% insider ownership. Great company, but a victim of the slowing global economy. IMO, this represents excellent risk/reward going forward if you have a good long term horizon.

I'm starting to scale back in now.

06-02-2012, 02:45 PM	#7617
leilomo I STILL don't get it Join Date: Sep 2005 Location: vancouver Posts: 470 Thanked 26 Times in 11 Posts Failed 3 Times in 2 Posts	Anybody in Labrador Iron Mines (LIM.TO) or any iron ore plays? It's getting beaten up pretty bad out there. They did a lot of financing in the 5's and it's currently down to $2.89. Last year they were sitting at $14.50 when the iron ore pricing was still in the 180s. They're starting their first full year of production now with a growing production profile for the next few years. Management is great, delivering on all of their promises and they are at 50% insider ownership. Great company, but a victim of the slowing global economy. IMO, this represents excellent risk/reward going forward if you have a good long term horizon. I'm starting to scale back in now.