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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

Comment by PROINVESTALOTon Oct 27, 2021 7:11pm
198 Views
Post# 34056758

RE:RE:Results on ASX

RE:RE:Results on ASXAnd if you take the time to read yhe report, you will read that the company might anticipate finalisation of phase 2 before expected ... These guys are doing everything right but no pumping. Lets the numbers talk! Perfect for me as I can get more at cheap price. 1$ in cash per share, no more debt. Fully financed phase 2 expected completed in advance (I bet 5$ on march-april 2022), THEN Production doubled, bottom line also. At actual conditions, (iop, freight, xchange rate the same), we can expect a 2$ profit per share on annual basis. ALL THAT FOR 4$? RIDICULOUS And think about where the sp will be in 2 years It is ok for me so I can add more
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