Holds a 15.10% equity interest in Iron Ore Company of Canada (IOC). Receives royalty income from IOC's iron ore production and sales. Now — the numbers.
This is an established company with proven profits.
An average decline of 12% a year over the last 4 years — the most striking risk in this picture.
If every debt were paid off today, $10.5M would still be left — though next to the size of the company that is a thin cushion.
The market pays 16.5× for every dollar of annual profit — around what a business like this usually costs.
No analyst target is on record for this company.
The stock trades 53% below its peak. The market has trimmed its expectations for the company.
The net profit margin is 61% — still a thick cushion, though costs have been eating into it lately.
There is $10.5M in the vault; even if every debt were paid off, $10.5M would remain.
It pays out $0.97 per share each year — regular cash for whoever holds the stock.
Over the last 4 years, sales fell about 12% a year on average. Profit is holding up, but a shrinking business is a risk worth watching.
Since the drop from its peak, buyer appetite hasn’t come back.
We don’t have a report card for this stock yet — the data isn’t mature enough to grade. No grade is information too: it means the evidence is thin.
One-line summary: few numbers, an untested story. Keep watching.
Not covered, because the filings we hold do not carry it: the revenue breakdown.