Posted AT 8:32 AM EDT on 07/05/08
Word is out on little-touted value play
Iron ore may not be sexy, but the soaring price for this raw material for steel is behind one of better-kept secrets among Canadian resource income trust plays.Units of Labrador Iron Ore Royalty Income Fund, which have garnered a one-year total return of 89 per cent, yesterday rose almost 2 per cent yesterday on the Toronto Stock Exchange.
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