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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
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Comment by sam0408on May 15, 2018 8:25pm
156 Views
Post# 28036196

RE:RE:RE:RE:RE:RE:IOC Strike issues don't affect Champion

RE:RE:RE:RE:RE:RE:IOC Strike issues don't affect ChampionIron ore off a bit today - CIA still around US$91/t.

My mistake yesterday - Annual report not due out until end June 2018.

It will be for the Canadian financial year ended 31 March 2018, however should include updated financials/earnings in the section 'MATTERS SUBSEQUENT TO THE END OF THE FINANCIAL YEAR'.

It would be good to know the actual gross profit per tonne - then can calculate some after tax earnings for CIA, project forward & get an idea of an approximate P/E ratio & then a rough fair value for CIA based on P/E multiples.

I am going to put some figures forward in next post based on what is known so far - IO price, ocean freight, last years BFS etc

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