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Champion Iron Ord Shs T.CIA

Alternate Symbol(s):  CIAFF

Steel Steel
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

Champion Iron Ord Shs > Last call
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Comment by sam0408on Apr 10, 2021 12:48am
312 Views
Post# 32972090

RE:RE:RE:RE:Last call

RE:RE:RE:RE:Last callBloom Lake 66% Fe average US$195/t (Jan - Mar)

Provisional Price adjustment US$10/t

Total Realised Price = US$205/t

Total cost CFR China = US$75/t 

Profit margin US$130/t 

Based on 1.9 million tonnes sold (same as last quarter) then EBITDA is US247 million which is CAD$309 million.

This is approx 45% higher than last quarters CAD$212 million.

EPS last quarter was $0.25 so 45% higher is $0.36

Less 2.7% dilution from warrants etc... then minus 1 cent off EPS

Less higher Quebec incremental tax rate on super profits... minus another 1 cent

EPS estimate $0.34

So, Proinvestalot, Goliath06 & Rodrabal, you have two choices:

Either concede defeat & congratulate me now or wait for the results & then concede!

Regards,

Your arrogant Aussie friend, Sam.

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