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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TSX:CIA - Post Discussion

Champion Iron Ord Shs > Predict Q1 EPS

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Post by OuijaFund on Jun 25, 2022 10:46am

Predict Q1 EPS

What is your EPS prediction for 1st Quarter April-May-June? This will be more difficult than usual because in addition to the usual 1.85 million tonnes of production (nameplate), there may be some amount of Phase 2 production sold in the quarter, I'm thinking one extra ship load, 200000 tonnes?

I am guessing EPS will be $0.23 for Q1,

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Comment by BigJo on Jun 27, 2022 12:04pm

How will they account for for the start-up tonnage from Phase 2 which was sold during the quarter? Do they run it through the income statement or does the implicit profit get credited back to the capital cost of Phase 2 until they reach commercial production which will be later in the year?

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