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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 Sep 29, 2021 10:13pm
214 Views
Post# 33941876

RE:Question to the Boards

RE:Question to the BoardsIOC will have the green energy card, but it will be a long game because there is not sufficient capacity available in Lab City. Muskrat Falls has surplus power for sale and can get it to Churchill with the new connection, however that leaves about 250 kms of new transmission line to be able to feed Lab City. Someone is going to step up with the financing. IOC is about to pilot test 4 electric plasma burners in one of the 6 pellet lines in 2022. They just ordered the 4 torches. It is only 4 because that is all they can power at the moment. Dont expect them to remove all of the bunker C burners before another 3 to 5 years.
Do not expect Nalcor to buy power from Hydro Quebec. 
Apart from that there is a possibility to make briquettes. Whether that would be alongside the actual pellets or in place of them I do not know. Having green power to produce a green product may be enough to encourage a production increase. Only time will tell and it will not be in the short term.
I regard the price at this time to be a buyers opportunity because they can sell all that they produce due to the high quality. The fourth quarter could turn out to be  a pleasant surprise as it has been in the past. 
Do some DD and look into some of my past posts and check out the torches by PYR.
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