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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

Post by PROINVESTALOTon Aug 03, 2021 10:59am
278 Views
Post# 33642210

Quite confident

Quite confidentThe coming of a new major investor for about 200 M$ at 7$ share price levels while seller WC keeping a huge position in CIA (2/3 of their shares) should be seen as an excellent news. Quite sure something will happen in the next couple of months: dividend declared or take over. Also, I have read rumors about their intention to develop cold pellet plant after phase 2 completed. Does it rings bells to anybody?
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