|
SIGN UP for FREE
Sign up to receive our free Ubika Research Junior Resource Stock Watchlist report
Company Spotlight
VIQ Solutions Inc (TSXV: VQS)
VIQ Solutions Inc. is a global leader in computer-based digital audio and video capture and + Read More
|
 |
The Ubika Research Junior Resource stock watchlist
Champion Minerals Inc.(Symbol: T.CHM) |
| Company Name: |
Champion Minerals Inc. |
| HQ Location: |
Toronto, Ontario |
| Company Website: |
www.championminerals.com |
| Shares Outstanding |
38.65 Million |
| Closing Price (May 26, 2010) |
$0.80 |
| Market Cap: |
$30.9 Million |
| Average Daily Volume |
174,000 |
|
|
|
Share Highlight / 1-Year Stock Chart
|
|
|
Business Overview
Champion Minerals Inc. is a Canadian exploration company publicly traded on the TSX Venture Exchange symbol CHM. The Company's headquarters are located in Toronto, Ontario with an exploration office in Val d’Or, Quebec. Champion's base metal and iron properties are located in western Labrador, central Newfoundland and northeastern. + More info
What is interesting about Champion Minerals Inc.(T.CHM)?
- Champion is a well funded advanced stage iron ore exploration company with an attractive portfolio of properties in Labrador, Newfoundland and Quebec.
- An aggressive 15,000 metre drill program currently underway in Freemont property to define the inferred resource in two claim blocks.
- Two main properties: Fermont Property & Attikamagen property.
- Current drill focus is Fermont Property. 16 drill claims with a land area of 386 sq km.
- Fermont property is in North Eastern Quebec in a know iron ore district.
- Rights to earn 65% of Fermont property by spending $6M in cash over five years.
- Company is among the few microcaps still in play in the Labrador mining belt.
- The Fermont Property is located close to roads, power and rail connecting to Port Cartier on the St. Lawrence Seaway.
- Fermont property is near the Arcelor Mittal property (NYSE:AM) and Consolidated Thompson Mines properties (TSX: CLM).
- Consolidated Thomson Mines acquired a nearby explorer Quinto Mining corporation which has properties neighbouring Fermont.
- Around $16Million in the treasury to fund the exploration to earn 65% interest in Fermont property.
- High resolution airborne magnetics used for volumetric analysis to identify high priority drill targets in Fermont.
- Company has been reporting good rill results with good width and grade.
- Company is also conducting a preliminary assessment study.
- Fermont holdings host pre-National Instrument 43-101 (“43-101”) mineral resources1 of approximately 610 million tonnes grading 32.2% Fe, located in close proximity to former, current and developing iron mines and projects. The pre-43-101 quoted mineral resource figures are compiled from 7 of Champion’s 15 Fermont area properties. The remaining 8 properties contain known magnetic iron formation occurrences that have not been quantified.
- The Attikamagen property is a joint venture with Labec Century Iron Ore requiring Labec to spend $6M over 6 years to earn a 60% interest in the project.
- Company has an experienced management and technical team.
- Iron Ore demand at the macro level is very strong as emerging markets are engaged in a massive build phase to build the infrastructure for their country. So long term demand prospects for iron ore are favourable.
- To know more about Champion, visit the Champion minerals hub at www.smallcappower .com at http://www.smallcappower.com/microsite/CompanyDetail.aspx?CompanyID=30
Risks
Champion is an early stage exploration company. The commercialization risks associated with iron ore exploration and development are high and its prospects for discovering economically viable iron ore resources are uncertain. Iron ore prices can fluctuate and a decline in the gold prices could impact the share price of the company adversely. Early stage exploration companies typically needs significant amount of capital and although currently well financed, Champion may still require additional financing. This could result in shareholders’ dilution.
Note: Champion Minerals is a featured company and a client of www.smallcappower.com
Champion Minerals Inc. News
Ubika Research Disclosure
Copyright
The content on this site may not be reproduced in whole or in part, or further distributed or published or referred to in any manner whatsoever, nor may the information, opinions or conclusions contained in it be referred to without in each case the prior express written consent of Ubika Research, a division of Ubika Corporation.
Disclaimer
| Was any fee (either in Cash or in Stocks/Options) paid by the company to smallcappower.co or its principal’s Ubika Corporation and/OR Investor Cubed Inc for providing services |
Yes |
| |
|
| Common Stock/Options Ownership in Champion Minerals Inc. |
|
| Analyst(s) |
No |
| Analyst’s family members |
No |
| Analyst’s firm, their affiliates and/or subsidiaries |
No |
Ubika Corporation is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to any visitor of this report or site or readers of any content on this website. The information on this website is designed to present the findings and opinion of Ubika’s analysts, columnists, speakers or commentators and what they believe to be the factual information.
Where reference is made to estimates of value or relative value of a specific security or ETF or any underlying asset or company, those are based on the information available from the public sources. They should not be relied upon in making specific investment decisions and readers should seek advice based on their risk profile and investment requirements from a person qualified and authorized to provide advice.
Ubika Corporation (including its Directors, employees and representatives), its analysts, columnists, speakers or commentators or a connected person may have positions in or options on the securities including Exchange Traded Funds (ETFs) mentioned on this site/report and may buy, sell or offer to purchase or sell such securities and ETFs from time to time.
Nothing on this site constitutes an offer or invitation to purchase or acquire any shares in any security or ETF mentioned on the site or any other asset or company or any interest therein, nor shall it form the basis of any contract entered into for the purchase or sale of shares in any ETF or asset or company mentioned on this site. |