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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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TSX:LIF - Post by User
Labrador Iron Ore Royalty Corp
> New Year
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TheBridge
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Post by
TheBridge
on Nov 27, 2023 9:14pm
171 Views
Post# 35755476
New Year
New Year
Likely once tax loss selling is completed we should see the share price rise to reflect the actual new price of iron ore. The new year just might also see some reason for share prices to continue growth into the $40 range.
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