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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 Nov 24, 2022 11:06am
235 Views
Post# 35125133

RE:same old BS from Matt...

RE:same old BS from Matt...Well that's a load of BS. If the other options he was considering weren't top quality, then I'm glad he didn't jump at them. As far as rebuilding Ukraine - it's going to take a lot longer than 2-3 years to rebuild.. you're talking about usd$350bn+.. honestly probably closer to $500bn. A ridiculous amount of infrastructure was demolished. As far as the land transfer: they've agreed on a price, and a binding deal is coming.. the ministry of defense is busy with the war though, so of course that won't be overnight. They've been successful in having legislation changed, so that black iron qualifies for support from the government, and they're lobbying to have Ukraine relax their permitting requirements, so that we can get straight to work once the war is over and funds are secured. And as far as the funds required.. the world is in Ukraine's corner, and they're going to be eager to invest in bki when the time comes.. I think that upon peace, things will fall into place rather quickly.. I'm going to keep adding at these levels.. the project is too good not to.. and all this is in addition to Ukraine cleaning itself up and westernizing.. after the war, the threat of Russia shouldn't be looming over the project any more.. this thing will be extremely valuable in time, it just requires some patience. 
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