While Mesabi Trust legal expenses should come down and help the bottom line, the royalty report shows that volumes are down in Q1. Moreover, CLF announced a partial idling at Hibbing Taconite amid tougher market conditions, which should affect MSB royalty attribution. We aren't confident enough about the economy to favor commodity-indexed and cycle-indexed exposures.
Mesabi Trust: Volume Recovery Means Royalty Rates Ratchet Up
Recent developments, such as the mid-2023 resumption of mining operations by Cleveland-Cliffs on trust leases and the Federal Reserve's reluctance to raise interest rates, suggest potential upside for Mesabi. Increasing odds for a turnaround in China's economy, alongside an approaching arbitration judgment over underpaid royalties, are additional reasons to consider investing in MSB stock. A low-volatility basing pattern over the last 12 months could support a price breakout and material gains for investors buying around $17.
![]() MSB 2 weeks ago Announced | Quarterly | $0.12 Per Share |
![]() MSB 3 months ago Paid | Quarterly | $0.56 Per Share |
![]() MSB 6 months ago Paid | Quarterly | $5.95 Per Share |
![]() MSB 9 months ago Paid | Quarterly | $0.39 Per Share |
![]() MSB 30 Jul 2024 Paid | Quarterly | $0.3 Per Share |
4 Sep 2025 (In 2 weeks) Date | | - Cons. EPS | - EPS |
11 Jun 2025 Date | | - Cons. EPS | 0.28 EPS |
22 Apr 2025 Date | | - Cons. EPS | - EPS |
12 Dec 2024 Date | | - Cons. EPS | 5.97 EPS |
11 Sep 2024 Date | | - Cons. EPS | - EPS |
![]() MSB 2 weeks ago Announced | Quarterly | $0.12 Per Share |
![]() MSB 3 months ago Paid | Quarterly | $0.56 Per Share |
![]() MSB 6 months ago Paid | Quarterly | $5.95 Per Share |
![]() MSB 9 months ago Paid | Quarterly | $0.39 Per Share |
![]() MSB 30 Jul 2024 Paid | Quarterly | $0.3 Per Share |
4 Sep 2025 (In 2 weeks) Date | | - Cons. EPS | - EPS |
11 Jun 2025 Date | | - Cons. EPS | 0.28 EPS |
22 Apr 2025 Date | | - Cons. EPS | - EPS |
12 Dec 2024 Date | | - Cons. EPS | 5.97 EPS |
11 Sep 2024 Date | | - Cons. EPS | - EPS |
Steel Industry | Basic Materials Sector | Jeffrey Schoenfeld CEO | NYSE Exchange | 590672101 Cusip |
US Country | - Employees | 30 Jul 2025 Last Dividend | - Last Split | 30 Dec 1987 IPO Date |
Mesabi Trust, established in 1961 and headquartered in New York, New York, operates as a royalty trust within the United States' iron ore mining sector. As a distinct entity in the mining industry, the Trust holds a unique position by focusing on the generation and distribution of royalty incomes derived from the extraction of iron ore. Its business model relies on the leasing of mineral rights and the collection of royalties from mining operations, rather than direct involvement in mining activities. This strategic approach allows Mesabi Trust to benefit from the iron ore mining business indirectly, offering a distinctive investment proposition within the mining and minerals market.
Mesabi Trust's primary service is the collection of royalties from iron ore mining companies that operate on its leased lands. Through these agreements, Mesabi secures a continuous revenue stream without the operational risks and capital expenses associated with direct mining operations. The Trust's income is inherently linked to the volume of iron ore mined and the prevailing market prices, making it an integral part of the iron ore supply chain.
A critical component of Mesabi Trust's business model is the leasing of its mineral rights to mining companies. This service not only enables the extraction of valuable resources by experienced mining operators but also ensures a legal and commercial framework that benefits both parties. Mesabi Trust, through these leases, provides the essential legal rights to mine iron ore, in exchange for a royalty based on the volume of ore extracted and sold, thus facilitating the production of iron ore while simultaneously capitalizing on its vast mineral estates.