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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 dclark8021on Apr 28, 2021 4:41pm
244 Views
Post# 33084965

New report from RBC

New report from RBCHere's the summary,  no update on LIF specifically'
Iron ore sets another new high
Our view: Both iron ore and met coal (CFR China) are benefiting from strong steel demand in China,
and prices are showing that. With iron ore's move above $190/dmt, we estimate the commodity is
~2.4x the 90th percentile of the 2021 ASIC cost curve, which highlights the strong FCF generation
potential of iron ore producers. Met coal CFR China moved higher w/w, but FOB Australia continues
to be bogged down by China's ban on Australian coal and the worsening COVID-19 situation in India.

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