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Champion Iron Ord Shs T.CIA

Alternate Symbol(s):  CIAFF

Champion Iron Limited is an Australia-based iron ore exploration and development company. The Company, through its wholly owned subsidiary, Quebec Iron Ore Inc., owns and operates the Bloom Lake Mining Complex, located on the south end of the Labrador Trough, approximately 13 kilometers (km) north of Fermont, Quebec. Bloom Lake is an open-pit operation with two concentrators that primarily source energy from renewable hydroelectric power. The Company ships iron ore concentrate from Bloom Lake by rail, to a ship loading port in Sept-lles, Quebec, and has sold its iron ore concentrate to customers globally, including in China, Japan, the Middle East, Europe, South Korea, India and Canada. In addition to Bloom Lake, Champion owns a portfolio of exploration and development projects in the Labrador Trough, including the Kamistiatusset Project, located a few km south-east of Bloom Lake, and the Cluster II portfolio of properties, located within 60 km south of Bloom Lake.


TSX:CIA - Post by User

Post by Captgo01on Sep 04, 2020 6:56am
399 Views
Post# 31509167

At $10. per share it’s ok for 8 mils tons but not for 15 mil

At $10. per share it’s ok for 8 mils tons but not for 15 milif I look at your calculation on your estimate of $ 10.00 per share I think this is not representative because at the time of the sale of Consolidated Thomson produced 8 million tonnes + or -.  Consolidated was sold for $ 4.9 billion with 273 million shares.  But with phase 2 CIA will produce 15 million tonnes so the share value is expected to be around $ 20.00 a share.  I think at $ 10.00 our stock is undervalued!  according to my calculation
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