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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 BuffCommods77on Jun 08, 2021 3:07pm
174 Views
Post# 33349096

Black Iron Inc - Delivering 4m tpa Shymanivske Mine By 2024

Black Iron Inc - Delivering 4m tpa Shymanivske Mine By 2024
I love Black Iron Inc (BKI-TSX). In the last two years they've delivered visibility on the expected US$540m build cost. Cargill, with a strong presence in Ukraine have just agreed a 4m tpa off take agreement & US$75m junior debt, and they have strong local relationships in Ukraine including President Zelensky. Black Iron's Shymanivske Mine will produce US$400m-US$800m EBITDA PA from 2024 based on iron ore price projections - and with a low current market cap of C$126m. Their 68% grade iron ore will use 30% less energy thus emitting 30% less CO2 emissions to produce steel than 62% benchmark grade. Worth looking at. https://blackiron.com/wp-content/uploads/2021/06/202106_BKI_CorpPres-website.pdf
 
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