Black Iron Inc T.BKI

DragonOilGuy

[wallywagon]

Sounds agreeable Dragon. At $3-4 markey Cap of approx $2 Billion but I believe by end
March 2021 we could be back to all time high of $1.40 - $1.50 if Matt completes Offtake
and load/debt. If he takes $300 Million in debt, maybe not that dilutive and market cap
could be as low as $1.2 Billion at $3.00 share price.
Back in the day we were at that when we had all the money for the project but
not all the permits/land/PEA .The Iron ore price,at this level, makes the NAV alot higher.
Anything higher tham $62.00 Iron Ore. GLTA

[DragonOilGuy]

We are, as always, dealing with many unknowns. If the price was close to 1.5 my idea would be to issue 70 -100 million shares and have good cash and less borrowing.   How many years does production have to run at Stage 1 and 4 million t to pay back the loans. When will CF be there for stage 2. Of course, it all depends on the iron ore price. And unfortunately nobody can predict that.

[IvanGubinski]

Iron ore is fueled by housing fetish. As housing cancer continue to plague our economy, iron ore will not go down.