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 > New Highs!

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Post by BigJoon Dec 06, 2020 7:58pm

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Post# 32047103

New Highs!

In Sydney this morning Champion is trading at Aus$5.25/sh. up 38 cents from Friday's close.
This is equivalent to Cdn$5.00/sh.
In recent days some of the North American analysts have moved their target prices on Champion up to the Cdn$5 /share level.
It looks as if they will have to move them up again to try and keep up with the stock price!
With the iron ore price still surging higher, this could be a massive quarter for CIA's cash flow and earnings, because the settlement price for iron ore sales this quarter will be far higher than the tentative settlement price set earlier in the quarter.

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