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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 KozmoTon Jan 10, 2023 1:05pm
365 Views
Post# 35213772

LIF is starting to slip into the realm of

LIF is starting to slip into the realm of"too good to be true"  I've got a ton of this stock having picked away when it was down and now find myself in the awkward position of being leery at how well it has done. It was at $25 six months ago, now at $37 and with an 8% dividend !?!  Pretty hard to dump shares to lock in profit when they pay one of the highest dividends in my entire portfolio.
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