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 > What may be the cause of yestereday's crash

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Post by ckwongon Aug 20, 2021 8:06am

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Post# 33738584

What may be the cause of yestereday's crash

Yesterday the "Seaborne index 62% Fe fines" has dropped $21 to $129 from $150. This may explain the big LIF share price drop.

Just checked the bid/ask. It is holding a bit lower than yesterday's close at $41.05 at 8:00 a.m.

If you want to check the "Seaborne index 62% Fe fines", you can check it using the following link:

https://www.custeel.com/en/csi.jsp

The data is one day delayed. Please use the information with care.

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