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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 Dec 30, 2020 12:09pm
171 Views
Post# 32197687

RE:Just to illustrate what we are talking about here.

RE:Just to illustrate what we are talking about here.Interesting post. Looking at the potential EBITDA the figures are huge. What I would like to see is management commiting to returning a percentage of future EBITDA to shareholders as dividends. Then investors will buy in and hold for known future income.

I am not interested in BKI using cash from Shymanivske to expand into other ventures. Nothing can be as good as this and why take risks into the unknown. Once we finalise what future loan repayments and off-take commitments are require state a future dividend policy based on a percentage of EBITDA. At least 50% is easily achievable. 

Radical I know but why not.     
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