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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 BueBoyon Dec 30, 2019 2:43am
95 Views
Post# 30500324

RE:RE:Future value predictions?

RE:RE:Future value predictions?I am bullish on this stock and have been accumulating but still we have a lot of stock on offer keeping the price down, this time at 9c. Not sure why. Progress to date is slow mainly because management want to line everything up before making annoucements, and for me possible further delays to get everything in-line is a concern short term. I expect once they do for the stock to be re-rated and 50c by next Christmas is very possible, around $100m market cap assuming little dilution. Then upwards from there as construction progresses provided there are no political issue in the Ukraine, construction remains on time and budget and iron ore prices remain firm. The politiical risks are there but partly off-set by the start-up finance on offer for Ukrainian based companies and the favourable exchange rate. Risk/reward is an individual call but for me this is one  where I will accept the risk at this price entry level.           
Bullboard Posts