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 > Cash on hand: 500M$

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Comment by Jstringon Jan 28, 2021 1:51pm

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Post# 32411077

RE:RE:RE:RE:RE:RE:RE:RE:Cash on hand: 500M$

 And I will translate into English .. The calculations are quite easy and clear .. We extract X amount of minerals, we sell it at a fairly predictable price and we subtract our costs .. You don't really need to be a financial analyst outside even to understand well before the release of official figures! So the share price rises before the numbers come out because no surprises! The company was profitable at the very beginning with the price of the ore at $ 85! At the current price of ore, astronomical amount of money are piling up in CIA safe and with the second phase coming in addition! Wow Just take the opportunity to buy.

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