Deterra Royalties (DRR) vs. Labrador Iron Ore Royalty Corp (LIF CN) Canada
Materials
In GMR's view DRR remains well over-priced, although it is easy to see some positive features that have made it a “darling” of the Australian investment community (linkage to production growth is good and as a pure royalty play it has lower risk than regular miners). However, LIF trades 30-50% cheaper (depending on the metric used), has a much higher FCF and dividend yield, and sells a higher quality product. Even looking forward to 2026, when DRR has achieved its growth potential, leaves LIF a better investment proposition.
Edition: 136
- 27 May, 2022