CIA champion iron limited
Add to My Watchlist 0.45% ! $4.51

65% Fe October average US$143/t - Custeel

  1. sam0408
    2,207 Posts.
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    30/10/21
    11:08
    Post #: 57200540
    http://www.custeel.com/en/csi.jsp

    Hi Chips,

    Quarterly Results webcast here:

    https://produceredition.webcasts.com/viewer/event.jsp?ei=1495875&tp_key=06599f90f6

    Good news is that Phase 2 start-up from April 2022 with up to 6 months to full ramp up - so we might see 12mtpa production output in calender 2022.

    Also sea freight has come down - currently US$28/t Brazil - China

    https://en.sse.net.cn/indices/cdfinew2.jsp

    It's a bit early but here's my assumptions for current quarter with results late January:

    CIA average realised price US$135/t (provisional price adjustment minimal)
    Total costs incl. sea freight US$85/t
    Profit margin US$50/t x 2MT sold = US$100M EBITDA which is CAD$125M
    EPS CAD$0.17

    CIA share price won't get down anywhere near $3.00 but I will be buying what I can at $4.00 in the next month or so


    CIA Price at posting: $4.40 Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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$4.51 		Change
0.020(0.45%) 		Mkt cap ! $2.404B
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$4.56 $4.57 $4.49 $3.042M 673.2K

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Price($) Vol. No.
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