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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 sam0408on Jan 29, 2021 2:24am
172 Views
Post# 32417713

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Cash on hand: 500M$Great summary Thumb1972,

I listened to the webcast today - yes Kami development (Phase 3) will come before Fire Lake - no need to build new railway, much less Capex etc...

65% Fe Iron Ore came down to US$182 yesterday as Chinese New Year slowdown approaches but still very high.

Please forgive the ASX ($5.11 close) for they know not what they do!




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