RE:RE:Great upside and Divymalx1 wrote: ReitsRus wrote: Picked back up September at $29.10 enjoyed the .70 divy still holding, two years to retire so looking for steady safe Juicy Divy's!
Dividend is variable.
We go into deep recession and this share price goes -30%, possibly more.
With that said, if you're constructive on Asian demand for iron ore next decade then this is a buy/hold opportunity as you suggested.
I like this unique royalty co too, would weight it max 2.5% of an equity portfolio.
21yr reserve life is important to note.
Could be extended as mine matures.
Operations considered "low carbon" so helps keep the Feds Funny Business at arm's length.
Certainly good value here for long-term investors.
Not without risk............. this ain't a GIC.
Rus, forgot to mention the best part........................
NO Debt.
So they can tell the bank to take a hike next recession.
I'm buying a half-position in LIF for a few portfolios this week.
US election has me feeling a little more optimistic about East Coast Iron Ore.