Houston Flagship Deposit Development Plan
$150
China Import Iron Ore Fines 62% Fe Spot Price (CFR Tianjin Port) - US$/tonne
Mar-09
May-09
Jul-09
$50
Sep-09
Nov-09-
Jan-10-
1 Shown for the two year period from March 1, 2009 to February 28, 2011
$100
Mar-10-
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May-10-
Jul-10-
Sep-10
Nov-10-
Jan-11
LIM Superior Leverage to Iron Ore Prices
$250
$200
Historical Iron Ore Recovery 1
151% Increase
March '09
Feb '11
Period High
Period Low
=
US$191.90/tonne
US$59.10/tonne
LIM's Share Price Leverage to Iron Ore Market¹
$16
20x Increase
=
Period High C$14.32/share
$14
Period Low
C$0.62/share
$0
90
Mar-09
$2
$10
LIM Share Price (C$/share)
$4
$6
LIM offers superior leverage to the recovery in iron ore prices
May-09
Jul-09
Sep-09
Nov-09-
Jan-10
Mar-10
Labrador Iron Mines - TSX: LIM LIM
16
May-10
$12
90% correlation between
rising iron ore price and
LIM's share price
Jul-10
Sep-10
Nov-10-
Jan-11View entire presentation