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Bullboard - Stock Discussion Forum 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... see more

TSX:CIA - Post Discussion

Champion Iron Ord Shs > Re l like Champion lron
View:
Post by auaghunter on Apr 26, 2024 10:08am

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
Comment by Thumb1972 on Apr 28, 2024 6:40am
Hi auaghunter, About 53% of sales are to China and 2% to India. There's some good information at its website located under Events & Presentations. I agree, it was great news to lock in an amicable agreement for 5 years with the unionized employees.  Some unfortunate challenge with our rail operator, hopefull this is, or will be, sorted forthwith.  I truly believe CIA is too ...more  
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