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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 fullyblown1on Jan 03, 2020 12:49am
138 Views
Post# 30514009

RE:Don't know how I missed this..

RE:Don't know how I missed this..I'm still thinking something like This sounds right:Quote from Tormont's research report: "BKI's (Black Iron) current EV (enterprise value) of US$9 million seems far too low given the economic opportunities described... given BKIs tremendous economic opportunities, the company should currently trade at perhaps a US$100 million enterprise value, implying a present fair share price of about C$0.75 per share or US$0.55-US$0.60 per share. Furthermore, as Shymanivske construction gets closer, we think the market will start putting perhaps a 1x multiple on the companys projected annual EBIDTA of around US$385 million."
Bullboard Posts