H
Horizon Kinetics Holding Corporation
+ HoldingMSB
+2.43%
3M Return
$23.970
+0.386 (+1.61%)At close
Loading chart…
- High
- 24.180
- Open
- 23.600
- VWAP
- 23.92
- Vol
- 23.07K
- Mkt Cap
- 229.47M
- Low
- 23.600
- Amount
- 551.66K
- EV/EBITDA, TTM
- 0.00
Mesabi Trust is a royalty trust organized to derive income from an iron mine (the Peter Mitchell Mine) located near Babbitt, Minnesota, at the eastern end of the Mesabi Iron Range. The Trust is a pass-through entity. It operates in one segment, which is iron ore mining. The mine is operated by Northshore Mining Company (Northshore), a subsidiary of Cleveland-Cliffs Inc. (CCI). Northshore mines the ore, which is in the form of taconite, a hard rock containing approximately 21% recoverable iron, crushes it, separates the iron particles from the non-metallic, and forms the resulting concentrate into pellets which are shipped for use in steel-producing blast furnaces of customers of CCI. Northshore pays royalties to the Trust primarily based on the selling price of pellets shipped from Northshore’s pellet plant at Silver Bay, Minnesota, on Lake Superior approximately 45 miles from the mine, plus a significantly smaller royalty based on tons of ore extracted at the mine.
Valuation Metrics
The current forward P/E ratio for Mesabi Trust (MSB) is 0.00, compared to its 5-year average forward P/E of 0.00.
Whales holding MSB
Events Timeline
News
8.507-30GlobenewswireMesoblast Advances Ryoncil® for Inflammatory Diseases
9.504-30moomooMesoblast Announces RYONCIL® Net Revenues of $30.3 Million and Reduced Net Operating Cash Expenditure of $4.1 Million for the Quarter
9.004-08moomooMESOBLAST GETS FDA IND APPROVAL TO INITIATE REGISTRATIONAL TRIAL FOR RYONCIL
- 9.004-08moomoo
MESOBLAST LTD - FDA Approves RYONCIL IND for DMD Registration Trial
- 9.504-07moomoo
MESOBLAST LTD - RYONCIL QUARTERLY NET REVENUE RISES TO US$30.3M
MSB FAQ — answered by Alphio AI
Mesabi Trust is a royalty trust organized to derive income from an iron mine (the Peter Mitchell Mine) located near Babbitt, Minnesota, at the eastern end of the Mesabi Iron Range. The Trust is a pass-through entity. It operates in one segment, which is iron ore mining. The mine is operated by Northshore Mining Company (Northshore), a subsidiary of Cleveland-Cliffs Inc. (CCI). Northshore mines the ore, which is in the form of taconite, a hard rock containing approximately 21% recoverable iron, crushes it, separates the iron particles from the non-metallic, and forms the resulting concentrate into pellets which are shipped for use in steel-producing blast furnaces of customers of CCI. Northshore pays royalties to the Trust primarily based on the selling price of pellets shipped from Northshore’s pellet plant at Silver Bay, Minnesota, on Lake Superior approximately 45 miles from the mine, plus a significantly smaller royalty based on tons of ore extracted at the mine. It operates in the Basic Materials sector (MINERAL ROYALTY TRADERS industry).
This page is for research only and is not investment advice. Models can be wrong. Past performance does not guarantee future results.