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Black Iron Inc T.BKI

Alternate Symbol(s):  BKIRF

Black Iron Inc. is a Canada-based iron ore exploration and development company, advancing its 100% owned Shymanivske Iron Ore Project located in Kryviy Rih, Ukraine. The Shymanivske project is surrounded by five operating iron ore mines, including various owned by Metinvest and ArcelorMittal’s iron ore complex. The Property is situated in the Kryvyi Rih iron ore basin, located in the Dnepropetrovsk region of Ukraine (Central Ukraine). The Company holds an interest in a mining permit that covers an area of approximately 2.56 square kilometers and comprises the Shymanivske project. The project is located in proximity of infrastructure, including rail, power, water and ports.


TSX:BKI - Post by User

Bullboard Posts
Comment by SomeFromNoneon May 02, 2019 1:26pm
79 Views
Post# 29701888

RE:Not looking good

RE:Not looking good
the share price is undervalued, but still, support at 0.07 is almost 17% higher than the 0.06 that the pp closed at. I'm unclear - are you frustrated that the project isn't advancing fast enough? What makes it not look good? You speak as though management isn't incentivized to develop the project, but they've done a pretty fair job from what I can see. The only problem I have with them is that they're all overpaid. That being said, the pp should certainly last them through offtake discussions and construction financing, the Ukrainian government has been working with us slowly but surely, and the Russia situation is pretty far away from out site from what I understand (not to mention Ukraine has support from the UN, US, and EU).. the Iron ore god even gifted us the Vale situation as a little bonus, and the project economics were already a blessing given the valuation. I'm really struggling to see where you guys are coming from. Open to hearing your thoughts though if you have anything more specific
Bullboard Posts