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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 TheBridgeon Jul 11, 2022 11:27am
231 Views
Post# 34815210

RE:RE:RE:RE:Jun 20: Iron Ore Futures Crash

RE:RE:RE:RE:Jun 20: Iron Ore Futures CrashKylemcc10, I value your post on the 3 year outlook on iron. It made me recall that a 3 year time frame is very difficult to predict but also that during a period of that length there are usually a number of significant ups and downs providing opportunity. With the almost 3 years of economic disruptions caused by Covid 19, the world economies are starting down the road of recovery, particularly North America. However the war in Ukraine and its impact on world economies has created a great deal of uncertainty and we're still in that economic turmoil while crawling out of the Covid impact. If the current Covid situation in China continues to improve and the Russion war on Ukraine subsides somehow the world can quickly respond to recovery. They will need a lot of iron when we get back to a more normal world. Thanks for posting.
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