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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

Post by ElanS2on Jul 16, 2015 9:18pm
93 Views
Post# 23932494

Another note to Mr. Bone

Another note to Mr. BoneBonjour Mr. Bone,
 
The production and sales information that you have made available is much appreciated.
That sort of information has been withheld from the public for too long. 
It may take a while for Mr. Market to take notice. 
 
We have had several years of market frenzy during which shareholders received special
dividends. The opposite situation is now upon us. Money is no longer easy.  
IOC is doing it's best to cut costs, to increase efficiency, to offer products adjusted to the market 
demands and thereby obtain premium prices while increasing production in a difficult market.
LIF should also adjust to the new reality and reduce it's costs by reducing the number of directors.
If such action is undertaken you would do well to announce it via a NR.
 
All the best to you and LIF.
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