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 > Idiots play CEO

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Comment by Lawyerupon Apr 27, 2022 2:53pm

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Post# 34636495

RE:Idiots play CEO

I can't fault your anger but there are a couple of positives this morning. Rio Tinto who is the majority shareholder is up over 5% and the price of iron ore has jumped. I am down a tiny bit at $36.15 but this was a long term hold for me. Nobody knows but for me LIF is still a descent play that I think will rebound to previous levels. Just my two cents, cheers Charlie.

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