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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 Nov 25, 2021 8:05am
147 Views
Post# 34164475

RE:RE:Matt

RE:RE:MattI'm not sure the deal with Cargill is more important than the land transfer, but for me what signing the offtake does is to give a pretty firm assurance that the land transfer will follow.

Cargill have many years of experiece of working in Ukraine and they would not waste time and resources to negotiate and sign an offtake unless they were sure that the land transfer would be done. They are very successful and well know the system over there and how to do business in Ukraine.

So for me signing the Cargill deal sends out a big green flag.

Thanks also to the bashers on another board. It's helped me to buy more shares at these prices. 
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