CLM Set to Consolidate? At yesterday’s presentation, Consolidated Thompson’s (CLM-CN, not covered) CFO Francois Laurin spoke about the company’s vision for the next five years to be in the top 5 iron ore producers in the world, targeting 50mm tonnes per year. In order to accomplish this, they would continue with the plan to double production from Bloom Lake (8.0mm tonnes per annum to 16.0mm tonnes per annum for capex of US$525mm) and then look to the 100%-owned Lamelee & Peppler properties (located 45km from Bloom Lake) to double production again (from 16.0mm tonnes to 32.0mm tonnes). Beyond this, M. Laurin stated that acquisitions will be a key part of CLM’s growth strategy, with the Labrador Trough area being a key focus given the opportunity to leverage on infrastructure synergies. Sounds like the focus will be development-stage stories where there could be infrastructure synergies (see maps below). Scotia Capital’s Bulk Commodity equity analyst Jackie Przybylowski notes that companies like Champion Minerals (CHM-CN, not covered), Alderon Resources (ADV-CN, not covered) as potential targets, as well as possibly Schefferville-focused Direct Ship Ore (DSO) developers New Millenium (NML-CN, not covered) and Labrador Iron Mines (LIM-CN, not covered). CLM also highlighted that gaining further access to the existing infrastructure (particularly connecting ArcelorMital’s rail line with IOC’s QNS&L line in order to “close the loop”) would be very beneficial to expanding production.