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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Labrador Iron Ore Royalty Corp

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Post by borne2runon Nov 07, 2017 9:34pm

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Post# 26922493

Credit Suisse Analysis

Credit Suisse has maintained its Neutral rating and $23 price target.
And raised its dividend estimate for Q4 to C$0.48 from C$0.30.
CS Q4 assumptions:
- sales of 5.225Mt,
- $55/tonne iron ore, and
- $50/tonne pellet premium

From commodity sites, it appears that Q4 iron ore spot price has averaged approx $60 per tonne so far.

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