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.

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Champion Iron Ord Shs > Take over Target?

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Comment by Curious777on Jul 17, 2021 9:56pm

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Post# 33565912

RE:RE:Take over Target?

This is what happened then:
Champion subsidiary Quebec Iron Ore closed the $10.5 million acquisition from Cliffs Natural Resources in 2016. Cliffs paid a hefty $4.9 billion to Consolidated Thompson for the mine back in 2011.

Many shares out there today: 4,89 M

So if you consider the 4,9 B$ paid by Cliff, you get 10$/share instead of 17$.

But with the phase-2 upgrade, what will be the sale price?

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