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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 DragonOilGuyon Dec 30, 2020 12:38pm
166 Views
Post# 32197930

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

RE:RE:Just to illustrate what we are talking about here.50 %, yes I would love it
My model throws up the following for 700 mln shares

EBITDA 400 mln USD -> 50 % 200 mln USD -> 0,36 CAD
EBITDA 500 mln USD -> 50 % 250 mln USD -> 0,45 CAD
EBITDA 600 mln USD -> 50 % 300 mln USD -> 0,54 CAD

Now let's put the model aside and sleep for a few years.

This is what happened to me with Highland Gold -London HGM. 
After a few years, they paid the purchase price as a dividend.
Was recently taken over for 300 pence.
 
So all I can say is that my maths is not that bad.
Now BKI just has to become a producer, the rest will happen by itself.
Wars, world economic crisis, etc. not taken into account, of course.
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