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Labrador Iron Ore Royalty Corp T.LIF

Alternate Symbol(s):  LIFZF

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.


TSX:LIF - Post by User

Comment by RetireAt55on Mar 22, 2022 6:59am
160 Views
Post# 34533577

RE:Interest in LIF Wanes

RE:Interest in LIF WanesI think a lot of investors were here for the dividen, the increase in share price was a bonus. Now that the dividen is less than 5% there are a lot of other, less risky and less volatile options that has the same yield. I believe the sell off has subsided and the interest in this stock will correct itself when the dividen returns to an above average return. Meanwhile I am willing to wait for the next dividen announcement as I suspect it will be increased from where it is now.

GLTAL
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