Champion Iron Mines Limited CPMNF

RE: RE: RE: Manganese

[greenandgold]

How much could Quesnel be doing for Champion? He's got a lot on his plate right now--he's appealing an insider trading conviction. His CHM compensation shares will cover his legal fees, at least.
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Yes, upon further consideration, a Chinese offtake deal would definitely kill the possibility of a Arcelor takeover. After Alderon, Champion probably has the most buildable large-scale iron mine in the Labrador Trough, so an offtake deal will be there if they want it.
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Arcelor should be less stubborn. They missed out on Consolidated Thompson, and CHM looks cheap right now. At takeover off $175 million in shares would lock up a lot of iron ore right next to their rail line.