CIA 0.18% $5.64 champion iron limited

Ann: Quarterly Activities Report & Appendix 5B, page-7

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  1. 892 Posts.
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    Hi Aqua,

    As I've just posted, the FOB Sept-Iles concentrate value right now is approx. US$70/t (higher than the average of last quarter of US$63.88/t).

    In the Investor Guide - page 19 you will see that the FOB operating cost (incl. sustaining capex) is US$36/t

    So right now the gross profit is US$34/t.

    I recently posted (when estimating EBITDA) that they are making a gross profit of US$35/t currently due to the high price of 66% Fe CFR China during this month. I'm not too far off it seems.

    One thing I'm unsure of though is the CAD$30 million difference, in the quarterly report, between the value of ore sold & the 'receipts from customers' at 1.1 ?

    Any thoughts?

    .
 
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