CIA champion iron limited
Add to My Watchlist 0.96% ! $4.20

http://www.custeel.com/en/csi.jspHi Chips, Quarterly Results...

  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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$4.20 		Change
0.040(0.96%) 		Mkt cap ! $2.239B
Open High Low Value Volume
$4.21 $4.31 $4.14 $15.79M 3.748M

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No. Vol. Price($)
1 18900 $4.19
 

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Price($) Vol. No.
$4.22 9700 1
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