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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

Post by DragonOilGuyon Dec 30, 2020 8:43am
219 Views
Post# 32195748

Just to illustrate what we are talking about here.

Just to illustrate what we are talking about here.
Have you done the math?
One day, phase 2 production is running at 8 million tonnes per year. The loans are all paid. Assuming 700 million shares outstanding.
What kind of dividend could there be if they paid out 100 or 200 million usd? 
 
100 million USD -> 0,18264 CAD
or 
200 million USD -> 0,36528 CAD 
 
and so on...

If everything runs halfway normally, it doesn't really matter whether you buy at 0.05, 0.10 or 0.30.
The only thing that matters is that you are on the train and enjoy the ride.
And there are also trains on the neighbouring tracks that are carrying copper, vanadium and others.

The fxpo or cia figures give a good example of what goes on when production is running.

 
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