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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 > Iron Ore Price Fundementals
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Comment by geezer21on May 27, 2021 5:28pm
183 Views
Post# 33282982

RE:RE:Iron Ore Price Fundementals

RE:RE:Iron Ore Price Fundementals
Thanks for noting that high grade iron ore prices have not collapsed.

Furthermore, any decline in ore price has or will be offset by increasing production that resulted in record production and profits.

Q1 2021 production rose to 2,011,400 wmt compared to 1,891,000 wmt in Q1 2020 to reach a record annual March 2012 production of 8,001,200 wmt.  

It is a golden buying opportunity for sure thanks to short  paniced term traders.
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