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Champion Iron Ord Shs T.CIA

Alternate Symbol(s):  CIAFF

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

Comment by Marlbankon Apr 28, 2021 11:24am
215 Views
Post# 33082419

RE:Another Upgrade

RE:Another UpgradeKinda waiting for one of the bigger capital markets firms to be first to boost the target for mid-2022 to $12+ Obviously, caution is required as the FE price has gotten outtahand, but in the case of CIA, the soon-to-be doubled nameplate capacity, debt-free status, jurisdiction, and proven ability to deliver on-time, on-budget, ought to warrant an outlier upgrade soon.  It's on the very cusp of becoming an FCF phenom.
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