16.42% Yield on an Iron Royalty Trust

Molten raw iron

Here’s a hot one for you precious metals investors seeking income. Mesabi Trust (NYSE: MSB) is an interesting play on the new boom in materials. The royalty trust pays income based on the success of its iron ore assets in Minnesota. Royalty trusts derive their value from the volume and price of the commodity produced in the future based on the current proved reserves where it receives royalties. Dividends are the major reason investors seek out investments in trusts, compensating you for the relative degree of risk involved in them.…

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