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This is great news for AYM, Houston Project is a biggy and LiM are doing extra in the PEA and rightly so, the project is worth at least $10bn to them, 6% to.AYM, thanks very much $$$$$$$$

This is fabulous news guys, what a brilliant placing price, underpins AYM now, next news LiM

Yippee Kyaeeeee mother fu#@ers

Yep, next leg up

If LiM gets,bought by the Chinese then as soon as the news comes out

Eat not wat lol

I expect the unexpected, when the LiM PEA is finally released I will either wat humble pie or buy myself a BMW X5 MSport

A decent 21% rise at LiM yesterday bodes well for today, sentiment may have been restored and maybe a big push later today before news is finally sprung

Thanks resources look monstrous at LiM, they also have offtakers forwhen they start mining again, which should be very soon, let's hope their largest project gets the finance it needs, a JV or just a quick sale of it, either way this will be colossal for LiM and AYM.

As you can sea, Labrador Iron Mines is not just a one trick pony, this worth so.much to AYM.

Good luck all in the coming weeks and the.fireworks and fortunes that will hopefully come upon us.

The Houston property is situated in Labrador about 20 km southeast of the town of Schefferville, Quebec. The Houston deposits, together with the Malcolm deposit, considered to be its northwest extension in Quebec, are estimated to contain a combined current measured and indicated resource of 40.6 million tonnes grading 57.6% iron (“Fe”)1. The PEA will focus on a higher grade subset of this resource suitable for direct shipping using dry crushing and screening only.

During the recent Annual Meeting of Shareholders John Kearney, Chairman and Chief Executive Officer, reported to shareholders: “In light of persistently stronger iron ore prices over the past two years, and with increased inquiries and expressions of interest from potential off-takers seeking iron ore supply and encouragement from local indigenous stakeholders, LIM is now working to advance Stage 2 of its planned direct shipping ore mining operations, which involves the development of its Houston Project, located about 20 km southeast of Schefferville.”

Development of the Houston Project will require development financing, and to assist in securing such financing and as the appropriate next step to advance the project, LIM has engaged Roscoe Postle Associates Inc. (RPA), now part of SLR Consulting Ltd (SLR), to complete an independent Preliminary Economic Assessment (PEA) and a current NI 43-101 Technical Report on the Houston Project to be used for consideration of possible financing options to advance the Houston Project.

LIM also holds the Elizabeth Taconite Project, which has its first independent Inferred mineral resource estimate, as at June 15, 2013,comprising two adjacent deposit areas. Approximately 620 million inferred tonnes at an average grade of 31.8% Fe have been estimated in Elizabeth No. 1 and a potential 350 million to 600 million tonnes at an average grade 31.9% Fe have been estimated in Elizabeth No. 2. In the three-year period of 2011, 2012 and 2013 LIM produced a total of 3.6 million dry metric tonnes of iron ore, all of which was sold in 23 cape-size shipments into the China spot market. Labrador Iron Mines is positioned to resume mining operations and development of its Houston Mine. SMI is a wholly-owned subsidiary of LIM. SMI holds all of the group’s mineral properties and assets in the Province of Quebec.

Labrador Iron Mines Holdings (OTCMKTS: LBRMF) with executive offices in Toronto, Ontario, Labrador Iron Mines Holdings Limited through its majority owned subsidiaries Labrador Iron Mines Limited and Schefferville Mines Inc. is engaged in the exploration and development of iron ore projects in the central part of the Labrador Trough region, one of the major iron ore producing regions in the world, situated in the Menihek area in the Province of Newfoundland and Labrador and in the Province of Quebec, centered near the town of Schefferville, Quebec. LIM owns extensive iron ore resources as well as numerous mineral exploration claims in Newfoundland and Labrador and in Quebec (collectively, the “Schefferville Projects”). LIM’s direct shipping iron ore (“DSO”) projects comprise numerous different iron ore deposits of varying sizes, divided into two separate portions, one within the Province of Newfoundland and Labrador and the other within the Province of Quebec.

Labrador Iron Mines Holdings (OTCMKTS: LBRMF) is making a powerful run up the charts in recent months marked by steady accumulation and solid support at every new price level reached. The stock has quickly attracted legions of new shareholders and transformed into a volume leader regularly topping $1 million in daily trading volume.

It’s easy to get excited about LIM as spot iron ore prices continues to rise recently topping $155 per ton. The Company owns extensive iron ore resources as well as numerous mineral exploration claims in Newfoundland and Labrador and in Quebec with proven iron ore reserves of hundreds of millions of tons. Currently there are just 162 million shares outstanding being rapidly accumulated as investors await the Preliminary Economic Assessment (PEA) on Labrador’s Houston Project. LIM is planning to advance Stage 2 of its planned direct shipping ore mining operations, which involves the development of its Houston Project, located about 20 km southeast of Schefferville. Texas. The Company has very little debt and no convertible notes.

Boredom makes people sell and chasing the next rainbow, no leak yet as there would have been an RNS after yesterday's performance at LiM, each day is another day closer to a possible life changing event for many holders here.

$80bn asset with a possible Chinese buyer or JV, fireworks if happens, would be stupid to sell now.

Let's see how LiM opens up today, trading starts soon, hopefully a sharp spike there will tell us a leak has sprung

There is whitenoise about this week, possibly today, volume will increase after lunch in anticipation for news from across the high seas (Canada) 1430HRS GMT

Tomorrow then lol

Hoping for a 14.30GMT RNS from LiM

You are so funny, at what point at those time Stamps was the SP that price to sell ?