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.

TSX:LIF - Post by User

Labrador Iron Ore Royalty Corp > Good reading from a reliable source.

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Comment by ckwongon Dec 03, 2021 5:34pm

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Post# 34196972

RE:RE:Good reading from a reliable source.

Great piece on the view on steel demand recovery. There is just another wildcard. If the market does not tank, LIF will do well. If the market tank because of the Fed rate increase which could be brutal to fight the inflation, it will be difficult.

One of the factor did not mention in the piece is that China produce not just steel but many products based on steel. China used to produce 25% of world's car axle. So it is not just steel production has to be replace but the downstream industry.

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