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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 Thumb1972on Sep 17, 2021 2:37am
252 Views
Post# 33876133

RE:RE:where does it stop?

RE:RE:where does it stop?Being bought out still remains at the top of my list of scenarios for our company, however any potential buy out would have to be on friendly terms. Management have too much invested to let the company go whilst the IO price is weak and I would expect that the right timing is when the price gap between low and high grade widens as our product becomes more and more sought after. Looks like things might be taking a little longer than I hoped but I have waited almost 10 years up til now and happy to wait longer!!!

Best regards,
Thumb
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