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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

Bullboard Posts
Comment by PROINVESTALOTon Jul 14, 2020 12:37pm
176 Views
Post# 31266053

RE:RE:RE:IOP jump To 111$ 62% 65% @ 123$

RE:RE:RE:IOP jump To 111$ 62% 65% @ 123$I do believe a lot in CIA too with 250 000 shares in it for the last 2 years... Agree about your forecast on IOP for the next year. Dividend will be good but I do think it is better for now to pay cash phase 2. CIA is a small player in a shark business with a few major players controling the market. If IOP goes down significantly which will happen one day for sure because it it cyclical business, CIA will stay in business despite difficult moments in cycle if merely no debt... O'Keeffe knows this market as he has been manager for one of these sharks for a moment... Glencore. He knows how to play it safe... and has over 30M of shares of CIA...so he is a "little concerned" ...:-)
Bullboard Posts