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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 31, 2015 9:48pm
140 Views
Post# 23584714

RE:RE:RE:Why now?

RE:RE:RE:Why now?Agreed. The best time to invest is at the bottom of the cycle.  If that is your intention should you not put money asside at the top ? Our board should know that shouldn't they ? They have seen cycles before I should think. If diversification is so great they should have built up a reserve when times were good. This stock is a pure play on fe and that is what I liked about it and still do. Should it deversify it may become subject to a depreciation as are conglomerates.The board should do the right thing and reduce costs as much as possible, stay out of stuff they don't know and don't have a track record with, and don't spend money on consultants/advisors and other money suckers. They should not be allowed to diversify.
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