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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 May 08, 2021 1:59pm
210 Views
Post# 33160137

RE:Future dividend

RE:Future dividendIf you would like some up to date info on markets go to the CIA website and sign up for newsletters. The CIA leadership are very communicative and give a good view of the potential of the Labrador Trough.
Our well paid CA could do something similar. They must be too busy doing other stuff or not paid enough.

Go to the CIA BB for a table of  iron ore prices. Note that the 65% fe index is what applies to LIF/IOC.They are incredible.

Next dividend will depend on the next IOC dividend which may in turn be affected by what RIO expects.

Note that the reclaimer( bucket wheel ) fire in the Sept-Iles storage yard  may have cut the shiploading rate by 50%, but it is not stopped.
Fortunately those systems are doubled. The same cannot be said for the train dumper. There is only one of them.
The construction of a second one was looked at several years ago but not followed up on.
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