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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 18, 2021 11:10am
222 Views
Post# 33723302

More calculations

More calculations I know you get tired of all these numbers but sometimes, you have to take a deeper look to see how markets are overreacting. It helps relaxant. Investors do not seem to understand that phase 2 doubling production in the next couple of months with no more debt will be a game changer for CIA results. At 15 millions of tons produced , we need an 85$usd per ton for io66 to get share price roughly 5.25$ cdn with a 7.7x ratio... With historic premium around 18% at these levels for 66 vs 62, it means we need 72$usd per ton for io62 to justify actual shares price, more or less on a long term basis. We are about twice this price of 72usd now... You wont change mind. This stock value should be 10-12$ cdn range. My opinion. Does it makes sense ?
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