Labrador Iron Ore Royalty Corp T.LIF

Alternate Symbol(s): LIFZF

Steel Steel

Labrador Iron Ore Royalty Corporation is a Canada-based investment company. The Company holds interests in the Iron Ore Company of Canada (IOC), which is a North American producer and exporter of iron ore pellets and high-grade concentrate. The Company, through its wholly owned subsidiary, Hollinger Hanna Limited (Hollinger-Hanna), holds an approximately 15.10% equity interest in IOC. It holds an approximately 15.10% equity interest in IOC and receives approximately 7% gross overriding royalty and a 10% per ton commission on all iron ore products produced, sold, and shipped by IOC. IOC operates mine, concentrator and pellet plant at Labrador City, Newfoundland, and Labrador. The IOC mines and produces iron ore pellets and concentrates at its facilities in Labrador City, Newfoundland, and Labrador. The Company holds mining leases and mining licenses covering approximately 18,200 hectares of land near Labrador City.

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Labrador Iron Ore Royalty Corp

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Post by Dadsaid2on Oct 15, 2021 10:30am

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Post# 34009403

Economics/Business 101

LIF down $1 today on guidance report. What happened to supply demand relationship and smart business actions. Prices down due to poor demand...well duhh..lower production to match. Smart move IMO. Short term pain on the div front but when the snakes need pellets raise the price on them sighting supply shortage. Buying opportunity maybe for longer term holders. All lm hearing these days is supply shortage. I smell a rat! GLTA

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