Black Iron Inc T.BKI

Off-take end of March

[6pako6]

In the webinar, Matt spoke about the off take appening end of march... what's your toughts on the the stock price when this will be announced?

[SomeFromNone]

maybe I'm out to lunch.. but assuming the news is of a binding deal, and a good one at that, I don't think 1/2x-1x potential earnings is out of the question.. once we're up and running full scale we'll be 8mtpa.. even at say $150/ton, and $5 per % over benchmark (6), makes it $180/ton.. so $1,440B revenue.. 41% IRR pre tax makes it $590.4m.. half of that would be $295.2m.. I think

[IvanGubinski]

you are underestimating BKI too much.4 bucks per share is even conservative

[6pako6]

End of march Ivan, after the off-take... 

[IvanGubinski]

We will be filthy rich. Like pigs

[wallywagon]

IMHO, $1.50 by signed definitive Offtake Deal. Maybe a stretch but I believe I'm being conservative GLTA

[DragonOilGuy]

the problem is we don't know how many shares there will be in the end I have several models for myself. Maybe I'll load them into the cloud and link them.

[KKlassen]

Please do, I'd like to see that. Thanks.

[DragonOilGuy]

https://docs.google.com/spreadsheets/d/13E_8EDU4f8i-qnBF3JNdfEnqFwp1fA5NdaxoAkwSQLk/edit?usp=sharing

[KKlassen]

Thanks a lot for sharing Dragon. I think your spreadsheet makes sense and it is in line with what I think the share price will be once BKI takes off.

[DragonOilGuy]

the biggest unknown is the number of shares the rest will work itself out over time the calculation shows where the price can go if the market is willing to pay a market cap of x USD the rest is simple mathematics 800 to 2500 % upside potential after the share price has increased 5-fold recently you can even calculate a range for a dividend so i see no reason to sell shares here

[wallywagon]

Thanks for this. My question DOG is at 600 Million shares due to Offtake Partner owing some of BKI, what does the market value BKI at end of March 2021??? $600 Million CDN? $1 Billion CDN because an offtake makes what we have in the ground real. Your thoughts DOG

[IvanGubinski]

To the folks are concerned with dilution problem to finance Shymanivski: In the most extreme situations, we could see 700M shares outstanding, if Matt manages to bring output to 8 mtpa without excessive budget overblow and the local authority does not want to act like hooligans. we are looking at 6 bucks per share and 2 bucks when construction starts. Since Matt has gotten 200 M loan from Europe

[wallywagon]

Ivan, Matt has $100 Million US Royalty and $65 Million Construction Contract. Add 10 million shares dilution for royalty. He can get $200 - $300 Million loan as he has stated. 200 Million more shares from Offtake partner at 50 cents US is $100 Million US.  Matt needs to get the current share price higher to between 50 cents to $1.25 CDN so he won't have to dilute as much. Your thoughts

[IvanGubinski]

To Wally We are kind of losing energy after 45 cents. Given to recent records, it is possible that the short term radiers and their followers are leaving.