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 > EPS forecasts - démecember 31st

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Comment by sam0408on Jan 01, 2021 12:55pm

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Post# 32207410

RE:RE:RE:RE:EPS forecasts - démecember 31st

Hi OuijaFund,

Custeel IO prices for this quarter to 31 Dec for 65% Fe averaged US$147/t

Total cash cost FOB Sept-Iles US$39/t
Shipping average maximum at US$18/t
Total cost CFR China US$57/t

Av gross profit for the Qtr US$90/t

Due to semi-annual shutdown then production 1.9 mt

This totals US$171 mil or CAD$218 mil EBITDA

Last quarter EBITDA was CAD$198 mil and EPS was $0.24

So EBITDA this quarter is 10% higher & therefore I am expecting EPS $0.26

If IO prices continue to stay fairly high for the next 3 months then we might actually see $0.90 EPS by end of March (FY 2021).
.

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