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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

Post by DragonOilGuyon Apr 06, 2021 6:52am
99 Views
Post# 32939981

I have added another spreadsheet next to my google

I have added another spreadsheet next to my google
doc BKI spreadsheet.

Metro Mining a bauxite producer in Australia.

The share price is at a low, which is certainly absurd based on the valuation.
Maybe one of you is interested.
https://docs.google.com/spreadsheets/d/13E_8EDU4f8i-qnBF3JNdfEnqFwp1fA5NdaxoAkwSQLk/edit#gid=0

A revaluation should come
PE 0.5- 0.7.
They produce from April to December due to the rainy season.
This year they are aiming for 4 million tonnes.
They have suppliers for 2.4 million tonnes. They are negotiating for the rest and for the future 6 million tonnes.
Mine life is over 15 years.
They have a loan commitment for the expansion to 6 million tonnes.
Basically, the costs are only for a floating platform with cranes and conveyor belts, which will transfer off the coast from the feeder barges to large ships more quickly than is currently happening.
They start production again on 19 April.
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