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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

Comment by BueBoyon Apr 29, 2020 3:04am
83 Views
Post# 30964930

RE:RE:RE:RE:RE:RE:RE:New interview

RE:RE:RE:RE:RE:RE:RE:New interviewI'm pretty sure this will be done eventually but facts are facts. Nothing is signed, there is more dilution, projected dates for news have been regularly missed and no offtake is imminent because Matt has said interested parties need site vists first. Then they need to agree terms. We are talking at least 3-4 months if boarders were opened tomorrow.

Also the mine is not worth 15-20x. It needs Matt and his team to get the permissions and land transfers signed, offtakes and finance agreed and into production. No-one apart from in a fire sale would take it on without all the agreements in place. We can only wait and hope. 
    
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