MAR 17·AD HOC NEWSMed
Mesabi Trust Stock (ISIN: US5905971097) Holds Iron Ore Leverage as Commodity Rally Stalls
Mesabi Trust, an iron ore royalty trust, is trading below its net asset value as iron ore prices stabilize after recent volatility. The trust provides pure exposure to North American iron ore economics without operational risk, but its returns are directly tied to spot prices. European investors may find the current wider discount to NAV an attractive entry point, particularly with a long-term outlook on stable ore prices.