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 > Scotia new Target $55.00

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Post by savyinvestor333on Jul 12, 2021 7:16am

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Post# 33528872

Scotia new Target $55.00

Labrador Iron Ore Royalty Corp. (LIF-T;C$47.73) Key Risks: Commodity price, third-party operating and technical risks, environmental and legal risks New Old 1-Yr. Target C$55.00 C$50.00 Key Data Dividends per Share21E: C$5.60 Dividends per Share22E: C$4.40 Dividends per Share23E: C$3.53 NAVPS: C$35.73 Dividends per Share21E: C$4.60 Dividends per Share22E: C$3.20 Dividends per Share23E: C$2.10 NAVPS: C$31.70 Valuation 50/50 weighting of 15.0x average 2022E-2023E Dividends and 1.4x 8% NAVPS 50/50 weighting of 13.0x average 2021E-2022E Dividends and 1.4x 8% NAVPS

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