Bullboard - Stock Discussion Forum Champion Iron Ord Shs T.CIA

Alternate Symbol(s): CIAFF

Steel Steel

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... see more

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Champion Iron Ord Shs > 65% Fe at US$222/t

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Post by sam0408 on Apr 20, 2021 10:30am

65% Fe at US$222/t

IRON ORE DAILY: Healthy steel margins boost seaborne prices

Iron ore prices surged on Tuesday April 20 amid strong mill results, which reflect very healthy margins, sources said.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $189.61 per tonne, up $7.81 per tonne
62% Fe low-alumina fines, cfr Qingdao: $190.03 per tonne, up $7.48 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $164.40 per tonne, up $6.91 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $222.80 per tonne, up $6.50 per tonne
62% Fe fines, fot Qingdao: 1,233 yuan per wet metric tonne (implied 62% Fe China Port Price: $176.81 per dry tonne), up by 6 yuan per wmt
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.5800 per dry metric tonne unit (dmtu), up $0.0050 per dmtu.

https://www.metalbulletin.com/Article/3985093/Iron-ore/IRON-ORE-DAILY-Healthy-steel-margins-boost-seaborne-prices.html

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Comment by WindsorGuy on Apr 20, 2021 11:07am

We could see record profits for both the first and srcond quarter. Enough cash to fund expansion. Earnings for 2021 probably exceed $1.00. Sill very cheap IMHO.

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Champion Iron Ord Shs