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Champion Iron Ord Shs CIAFF


Primary Symbol: T.CIA

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 Bamsmbaon Jun 07, 2023 7:41am
337 Views
Post# 35483913

"Another View"

"Another View"CIA is not perfect, and now it has to deal with another problem (Quebec wildfires). But considering earnings (good, better than expected at least), valuation (very low), good cash flow and the dividend, we would still see it as buyable. With a cyclical stock we would expect volatility, but it is priced right. 

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