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Monday, 10/25/2021 10:42:25 AM

Monday, October 25, 2021 10:42:25 AM

Post# of 270

Without providing more details, Goncalves said Northshore is hindered by an unreasonable royalty structure. Those royalties are paid to Mesabi Trust (MSB) based upon the volume of ore purchased. MSB’s share price declined 24.1 percent following the announcement.



Gov. Walz blew it for the Mesabi Trust. They could have had HBI #2 in MN. locked in. Now they have nothing.

http://www.businessnorth.com/daily_briefing/cleveland-cliffs-reports-record-quarterly-revenue-income/article_5bdd3ffa-33b1-11ec-89c4-4b320446c6d6.html
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