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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 wallywagonon Dec 19, 2020 12:05pm
247 Views
Post# 32147039

RE:RE:a bit I found today

RE:RE:a bit I found todayGregL80,

I truly believe that by end March 2021, 3 plus months, OR before, we can be at $2.00
based on that report. If Royalty gets done now, Offtake by end March 2021 and construction deal $60 Million already locked up and will be announced with the offtake, the story becomes real.
We raised the $462 Million that becomes equity min $1.50 a share. At current Iron Ore prices,
its worth $5 Billion. Let's say $3 Billion discounted. With 300 million shares, a market cap of $600 Million CDN is $2.00. OH I forgot, that $3 Billion is in USD!!! Ok add 27% (exchange)
I think its a fair assessment on the LOW and Conservative side.
Anyones thoughts???!! GLTA
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