"...Furthermore, not only are we on schedule and within budget, but with current iron ore prices of US$78 ($98 CDN at 1.265 CDN/$1US)  pmt for 62% Fe being substantially higher than the estimates of US$56 pmt used in our planning, we are already ahead of forecast. This is an outstanding result,” Executive Chairman and CEO of QIO and Champion, Michael O’Keeffe said..."