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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 Aug 20, 2021 9:13am
291 Views
Post# 33738810

RE:RE:Ore prices

RE:RE:Ore pricesHa ha ha! Exactly what I am doing... +25k shares in the last 2 weeks and probably some more today. People should not be afraid with CIA future. 2 weeks ago when the stock was North 6$, everybody were saying buy buy buy and all knew iop could not stay that high forever since not viable for industries at these levels. Now that the iop has dropped and sp followed, it should be a BUY BUY since nothing changed: just the same stock at cheaper price. This is that kind of moment where you have to take a deep breaks. REMEMBER, at actual 150$usd per ton and 7.5 millions of tons produced, CIA makes roughly 1$ net profit per share. With a production doubled and at the same 150$usd per ton, CIA makes 1.87$ per share. All that for about 5$ a share? A deal for me.
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