great buying opportunity BKI.tBKI.t
Just started doing some DD on this company and i am impressed! Over $7 million in cash and equivalents, with very little debt being $285k. The market cap is currently $9.66 million and they hold a 51% interest in the Shymanivske Project. This project has completed a bank feasibility study and the NPV is $3.3 billion based on $95 Iron ore prices. The expected cost of producing the Iron being $44.54 per tonne which includes transportation and loading! This makes complete sense to go forward and is currently extremely undervalued going forward with all the Iron ore stocks breaking out!
Goldmemb