Labrador Iron Mines

Labrador Iron Mines (TSX: LIM) is a resource extraction company planning to exploit multiple mine sites in the Schefferville region of Newfoundland and Labrador.
History
The Schefferville region had iron mines in the 1950s. A rail line was constructed from Schefferville, south approximately 600 kilometres (370 mi) to Sept-Îles, Quebec, a seaport on the Gulf of St. Lawrence. Labrador Iron Mines first shipments, in April 2012, were the first shipments in thirty years.
In January 2013, the firm announced that it had entered into an agreement with a syndicate of underwriters led by Canaccord Financial for a C$25.2-million equity financing.
Projects
Labrador Iron Mines is currently developing seven mine sites in the Schefferville area. The "James site" was the first to ship ore. Like most ore bodies, and unlike the Baffinland Iron Mines, the ore requires various refining steps, prior to being made into iron or steel.
Price...