Black Iron Inc T.BKI

One person’s view

[abcdefghijklmn1]

https://cdn-ceo-ca.s3.amazonaws.com/1g8j9cl-BlackIron_HP_initiation_Final.pdf

[6pako6]

Hannam & Partners is a leading independent investment bank providing specialist advice and access to capital. ''We initiate coverage of TSX-listed Black Iron Inc (“BKI”), 100% owner of the Shymanivske iron ore project in central Ukraine. We derive a DCF-based target of C$1.56 per share (Dec’21E), implying 179% upside from the current price.'' https://www.hannam

[SomeFromNone]

not sure if it's just me, but I find that target to be quite low..

[abcdefghijklmn1]

For December of this year?

[DragonOilGuy]

Our sensitivity analysis also highlights the significant upside the project would enjoy if iron ore prices are above our US$70/t estimate or the premium for higher grade iron ore products increases with stricter environmental regulations.Currentiron prices(US$186/t)and high-grade premiums(US$72/t)would result in a risked SOTP valuation of C$8.16/sh, a 1357% upside to the current share price.Whilst

[SomeFromNone]

thanks dragonoilguy I missed that part completely! And abc, yes I think $1.56 by December is low.. by then we're supposed to have binding deals on all fronts, and be about to put the shovel in the ground to start construction.