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

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Comment by PROINVESTALOTon Sep 03, 2020 10:07am

321 Views

Post# 31500964

RE:RE:RE:RE:pro

Yes patience is the word. Easy for me to say has I am over 250% up now with CIA... At the end of the day, I am pretty sure CIA will be bought by a major... and value will be maximized only when phase 2 completed. So no cheerleading till that. The key is completing phase 2 with no debt which is now possible with actual iop. Just need to keep these iop levels or the next year and it will happen. After that and based on average iop 66 of 100$usd, xchange rate merely the same (30%), shipping around 20usd$ and a 10X multiple, 10$ is a fair guess for take over.

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