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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 FartMachineon Nov 02, 2021 11:28am
232 Views
Post# 34077364

Sold this morning :(

Sold this morning :( Sold about 90% of my LIF.TO this morning based on the below article from a commodities journalist who predicts the price of iron ore could test $0.  He called the price of oil going negative and says there's a lot of similarities with the iron ore markets right now. 

https://www.macrobusiness.com.au/2021/11/iron-ore-price-heads-for-zero-may-go-negative/
 

Happy to buy back in in the future.  
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