Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: rz who wrote (58076)	1/2/2005 7:00:42 PM
From: Taikun	Read Replies (2) of 74559

rz, Do you know Mesabi Trust? They have about 60 yrs of iron ore-used in steel production- reserves and get a royalty stream for the trustees. The trust terminates 21 yrs after the death of the last trustee, the oldest is 42. Pays 7.4% yield. finance.yahoo.com I figure if you want exposure to steel through iron ore you have a few options, but the two biggest players are CLF and IOC (Iron Ore of Canada). iron ore is a consortium, so you own Rio Tinto or LIF CLF is listed, low yield. If you buy MSB it is a claim on the same reserves CLF uses. NYSE: CLF TSE: LIF.UN NYSE: MSB Do you own? Any opinion? This tsunami rebuilding is turning out to be a big capital infrastructure spend for Japan, US etc and will drive steel demand, China and Indian slowdown notwithstanding. JMO D

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