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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 Jim123on May 13, 2021 10:46am
190 Views
Post# 33191283

Cash flow

Cash flowI believe the reason for the drop is that the off take is not binding yet, permits are not completed and the agreement with the Ukrainian government is not finalized.Also the fact that construction is not scheduled to start till 2022 and no cash flow till 2024.Long term this company will throw off mountains of profit and todays price will look like an amazing entry point. Glta
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