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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.


TSX:LIF - Post by User

Labrador Iron Ore Royalty Corp
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Comment by haywoodjablomieon Nov 26, 2014 1:00pm
226 Views
Post# 23166253

RE:RE:RE:Plunge to $60 continues unabated

RE:RE:RE:Plunge to $60 continues unabated  Bloomberg's take on the situation is that the big 3 ,Vale,BHP,and Rio are pumping out  over-production to get the price so low for so long that the smaller higher cost producers pack in the shovel , close their mines, and leave the big boys in control of the entire matket .
   If IOC survives , picking up some bargain-basement LIF shares is a smart move .
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Dealroom for high-potential pre-IPO opportunities