MSB Mesabi Trust Dashboard

Mesabi Trust is a royalty trust organized under the laws of the State of New York in 1961 to derive income from an iron mine (the Peter Mitchell Mine) located near Babbitt, Minnesota, at the eastern end of the Mesabi Iron Range. Under various agreements 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, an international mining company, the largest producer of iron ore pellets in North America.

Company profile

Ticker

MSB

Exchange

Website

Incorporated

Location

Fiscal year end

Sector

Finance and Insurance > Trusts, Estates, and Agency Accounts

Industry (SIC)

Mineral Royalty Traders

Royal Gold • Kiewit Royalty Trust • SSR Mining ...

SEC CIK

0000065172

Corporate docs

Articles of Incorporation & Bylaws

IRS number

136022277

MSB stock data

S&P 500

1M 1Y 2Y 5Y

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Press releases

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Mesabi Trust Press Release

12 Jul 21

The Trustees of Mesabi Trust (NYSE:MSB) declared a distribution of nine cents ($0.09) per Unit of Beneficial Interest payable on August 20, 2021 to Mesabi Trust Unitholders of record at the close of business on July 30,

Mesabi Trust Press Release

3 May 21

On April 30, 2021, the Trustees of Mesabi Trust (NYSE:MSB) received the quarterly royalty report of iron ore shipments from Silver Bay, Minnesota during the quarter ended March 31, 2021 (the "Royalty Report") from

Calendar

11 Jun 21

30 Jul 21

31 Jan 22

Financial summary

Financial statements Chart MSB financial data

Quarter (USD)	Apr 21	Jan 21	Oct 20	Jul 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Jan 21	Jan 20	Jan 19	Jan 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated)	Burn method: Change in cash		Burn method: Operating income/loss		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	11.9M	11.9M	11.9M	11.9M	11.9M	11.9M
Cash burn (monthly)	199.06K	198.33K	(positive/no burn)	(positive/no burn)	(positive/no burn)	(positive/no burn)
Cash used (since last report)	603.12K	600.9K	n/a	n/a	n/a	n/a
Cash remaining	11.3M	11.3M	n/a	n/a	n/a	n/a
Runway (months of cash)	56.8	57.0	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Institutional ownership Q1 2021

MSB institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

26.7% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	57	46	+23.9%
Opened positions	18	11	+63.6%
Closed positions	7	5	+40.0%
Increased positions	13	9	+44.4%
Reduced positions	13	15	-13.3%

13F shares	Current	Prev Q	Change
Total value	303.07M	806.24M	-62.4%
Total shares	3.5M	2.99M	+16.9%
Total puts	23.4K	18K	+30.0%
Total calls	47.4K	100.6K	-52.9%
Total put/call ratio	0.5	0.2	+175.9%

Largest owners	Shares	Value	Change
Horizon Kinetics Asset Management	1.7M	$51.27M	+18.9%
Beddow Capital Management	405.39K	$12.19M	-1.1%
SFE Investment Counsel	335.54K	$10.11M	-3.4%
Mad River Investors	187.75K	$5.65M	+3.2%
Valueworks	186.68K	$5.62M	-0.0%
MS Morgan Stanley	76.67K	$2.31M	+41.2%
BLK Blackrock	73.35K	$2.21M	NEW
Bramshill Investments	51.28K	$1.54M	+121.2%
RY Royal Bank Of Canada	50.32K	$1.51M	+1538.1%
Susquehanna International	42.7K	$1.29M	+58.3%

Largest transactions	Shares	Bought/sold	Change
Horizon Kinetics Asset Management	1.7M	+271.07K	+18.9%
BLK Blackrock	73.35K	+73.35K	NEW
RY Royal Bank Of Canada	50.32K	+47.25K	+1538.1%
Bramshill Investments	51.28K	+28.1K	+121.2%
MS Morgan Stanley	76.67K	+22.38K	+41.2%
ARS Investment Partners	19K	+19K	NEW
Boston Private Wealth	16.04K	+16.04K	NEW
Susquehanna International	42.7K	+15.73K	+58.3%
Freestone Capital	11.19K	-14.63K	-56.7%
HRT Financial	14.01K	+14.01K	NEW

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. junior Avg

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Removed: applying, billion, commissioning, discussed, Ohio

From filing 10-Q 2022 Q1