Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 rodrabalon May 09, 2022 7:35pm
371 Views
Post# 34668938

The market cap on this stock is ridiculous!!!!!!!!!!!

The market cap on this stock is ridiculous!!!!!!!!!!!This company cost over 8 billion dollars to build , but it is only valued at 3.1 billion today. I'm surprised one of the big caps just don't buy it out at this rediculous price. 1/2 price sale and they can add a 15 billion ton high grade iron ore mine to the fold. If they had to build there own mine,it would cost them a hell of a lot more. With the price of materials today. Not to mention all the environmental permitting hassle they have to go through and the years it would take. They could just buy champion at this bargain basement price. They would get a high grade mine with no debt,making a huge profit,in a stable part off the world and get all there Hugh reserves for free. This price is reciculous. 
<< Previous
Bullboard Posts
Next >>