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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

Comment by SomeFromNoneon Jan 27, 2021 8:32pm
158 Views
Post# 32405328

RE:Off-take end of March

RE:Off-take end of March
maybe I'm out to lunch.. but assuming the news is of a binding deal, and a good one at that, I don't think 1/2x-1x potential earnings is out of the question.. once we're up and running full scale we'll be 8mtpa.. even at say $150/ton, and $5 per % over benchmark (6), makes it $180/ton.. so $1,440B revenue.. 41% IRR pre tax makes it $590.4m.. half of that would be $295.2m.. I think fully diluted we're at 342m shares right now.. so like $0.86/share.. those are USD figures so like cad$1.10/share at today's exchange rate.. variations could come from dilution, a different multiplier on potential earnings, a different long term iron ore price used to calculate, a different purity premium.. there's lots of moving parts.. let me know if there are any glaring issues with my logic or math
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