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 > Today's Action

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Comment by ckwongon Apr 20, 2022 1:39pm

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Post# 34617186

RE:Today's Action

The following are my thoughts:

1. The Q1 production is impacted by the logistics. You cannot ship, you don't produce and you cannot sell.
2. The shorty take advantage of lower production and take a shot at LIF.
3. The yearly guidance does not change from previous year. This means Q1 sales loss can make up in the other quarters. The key factors are: A. China COVID lock down will be removed. B. Ukraine war will end soon. If this is not the case, the iron ore price will drop.

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