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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 PROINVESTALOTon Jun 17, 2021 4:41pm
263 Views
Post# 33406837

RE:RE:RE:RE:RE:RE:RE:No news good news.....

RE:RE:RE:RE:RE:RE:RE:No news good news.....Lets just hope actual iop level stays for the next year which is quite possible according to my reads on the subject. Lets imagine CIA completes phase 2 for december 31st. On a 12 month basis from june 30th 2021 to june 30th 2022, CIA could then have produce 12 millions of tons. At actual price, it means roughly 135$cdn profit per ton AFTER income and mine taxes totalling around 40%. So 12 millions tons X 135$ / 518M shares = over 3$ per share... In that case, there is no way O'Keeffe and friends would be able to justify statu quo... And I think wd will have a good idea of what is next after september 30th results.
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