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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 ElanS2on Mar 16, 2015 1:37pm
119 Views
Post# 23526160

RE:Proposed amendment to articles

RE:Proposed amendment to articlesI agree .  .  .  but  .  .  . does the present ca have the necessary background ?
They  seem to have experience in the iron ore space, but diversified commodities found in the ground ? I am not sure and will probably reduce my exposure to LIF and then wait and see.
The engagement of a research team will be required adding to costs. The sources of risk will no doubt increase.
Does anyone have anything to say about the present CA re: qualifications, experience in commodities, international finance, etc. other than iron ore ? Where will the $ come from, share issues ? That would look like  an IPO with no track record to support it yet. I do not like the smell of that.
I do not doubt that there are opportunities in the depressed market, but am not convinced that the present CA has the breadth and depth of knowledge required to jump into the unknown.
Comments of others would be greatly appreciated.

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