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Pretty nice moves on this one...it seems to be tightly held....folks who sold with the market may in fact be rebuying now that much of the news that has spooked the market is out there....GL
unbelievable, this stock was at 70$ yesterday, and it hit 90$ today, cash dividends will do that to a stock, lol! 1.5 million OS doesn't hurt either~ Going to see about picking some of this up..........
Company Contact Headquarters: W-1290 First Nat'l. Bank Bldg. 332 Minnesota Street Saint Paul, MN 55101 Web Address: http://www.gniop.com/
Great Northern Iron Ore Properties (GNIOP) is a conventional non-voting trust that owns interests in fee, both mineral and non-mineral lands, on the Mesabi Iron Range in northeastern Minnesota. The Company primarily derives income from royalties on iron ore minerals (taconite) mined by its lessees from these properties and minimum royalties. GNIOP is involved solely with the leasing and care of these properties. Although the Company owns in excess of 67,000 acres in varied fee (surface and/or mineral) and ownership percentage interests in northeastern Minnesota, its mineral interests on the Mesabi Iron Formation represents 12,033 acres, including approximately 7,443 acres that are wholly owned; 1,080 acres, in which the Company is a tenant in common with a 91% interest; 3,350 acres in tenancy in common with a 50% interest, and 160 acres in tenancy in common with other fractional interests. Of the mineral interest total, 9,215 acres are under lease and 2,818 acres are unleased.