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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 DragonOilGuyon Apr 29, 2021 3:04am
262 Views
Post# 33089030

RE:RE:RE:One person’s view

RE:RE:RE:One person’s viewOur sensitivity analysis also highlights the significant upside the project would enjoy if iron ore prices are above our US$70/t estimate or the premium for higher grade iron ore products increases with stricter environmental regulations.Currentiron prices(US$186/t)and high-grade premiums(US$72/t)would result in a risked SOTP valuation of C$8.16/sh, a 1357% upside to the current share price.Whilst we do not consider current prices a reflection of the longer-term market, the project may enjoy elevated free cash flows from a protracted increase in the price.
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