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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. The Shymanivske Project is located near the city of Kryvyi Rih, in the Dnepropetrovsk Region of Ukraine near two large producing iron ore mines. The Project is surrounded by five other operating mines, including Metinvest's YuGOK and ArcelorMittal's iron ore complex. It holds an iron ore mining extraction permit over 2.56 square kilometers of land. Its subsidiary is Black Iron (Cyprus) Limited.


TSX:BKI - Post by User

Bullboard Posts
Comment by tradewindsblowon Apr 12, 2017 8:26am
60 Views
Post# 26111268

RE:Nothing goes up forever.

RE:Nothing goes up forever.That's a very expensive mindset you have I hope your position is extremely small to sustain it. With FE falling 10 % a week it won't take long for 60 bucks to vanish. The one thing about Fe pricing is it doesn't stay or hold like you say, it either goes up or down with vigour. I've been following junior iron names (resource) for about 15 years and they all are long term, it's a capital intensive business and it takes long term for capital payback. I understand bki has a much better infrastructure position and IRR but capitol will dry up and massive dilution does follow in prolonged weakness until like 90 % of these names they disappear never to have made a cent. Do as you wish but just remember you are wrong if you're not making money you are definitely losing money there is no free ride in life !
Bullboard Posts