CIA 1.69% $6.40 champion iron limited

Ann: Quarterly Activities Report & Appendix 5B, page-2

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    Pretty good report to my mind. Cash operating costs down to $ 45.91 per tonne from $56.15 last quarter.

    Rate of production has reached the target rate of 7.4 million tonnes per annum.

    As an aside, based on the shipments in Sept and October the rate is now closer to 12 or 13 million tonnes per annum. Though i will point out this is pre winter and a very narrow base for extrapolation.

    Interesting times ahead
 
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