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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 auaghunteron Apr 26, 2024 10:08am
210 Views
Post# 36009194

Re l like Champion lron

Re l like Champion lron Hello   l have been watching this company for last year. Still like it. l may buy today as price action is up this week and up .20 at 10 am friday. lron Ore is around 109.68 as of 4/26. Anyone here have a livechart on lron ore? There last news shows costs at 77/dmt which l think is reasonable for a big operation. Do any of you know how much of there product is shipped to China. l know the GDP of china might be weak now though lm sure it will lmprove in 2-5 years plus don't you agree lndia might be importing lron ore at a good pace? lts nice to see they signed a 5 year contract with there employees with inflation and wage pressure in the next few years. Anyways l wish u all good luck with CIA. l think it will go far in 5-10 years and hopefully it does t get sold. GLTA

auaghunter
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