Great Northern Iron Ore Properties (NYSE:GNI)
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Engaged in the leasing and maintenance of mineral properties.
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Engaged in the leasing and maintenance of mineral properties.
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GNI is a trust that is scheduled to dissolve on 6 April, 2015. At that time, the trust will be liquidated, the net cash of the company distributed among the 1.5 million "shares" (not really shares, but certificates of beneficial interest), and then they (the "shares") become worthless. Currently, the value of the final "net cash" is approximately $8.60 per share.