Stockheaqd comment Materials Sector – Champion Iron (ASX:CIA –...

Stockheaqd comment

Materials Sector – Champion Iron (ASX:CIA – $8, $4.5bn MC): “As manufacturing beefs up, so does the need for supplies of raw materials to produce their products. Construction also increases when the economy is strong,” **le says.“CIA certainly flies under the radar compared to BHP (ASX:BHP), Fortescue (ASX:FMG) and Rio Tinto (ASX:RIO). But this little known iron ore miner is developing a large resource in Canada.“Recent production has now hit a record with plenty more to come online over the next few years.“Despite the share price sitting near all time highs, the valuation is still more attractive than the larger iron ore producers.”