Black Iron Inc (PK) (BKIRF) 銘柄情報

New research report from hamman partners last week. Near term 1.56/sh CAD (1.27/sh USD). Potential acquisition value 8.16/sh CAD (6.64/sh USD)!!!!

Posted on black iron website under research reports. Gaining traction!

Want to see this keep chugging along solidly to end the year over .30 at least

I’m liking this movement with my 6¢ average! Hope it keeps going to dollar land, lol

Black Iron Progresses Offtake Discussions and Updates PEA
6:00 PM ET 3/2/20 | GlobeNewswire


Black Iron Progresses Offtake Discussions and Updates PEA

TORONTO, March 02, 2020 (GLOBE NEWSWIRE) -- Black Iron Inc. ("Black Iron" or the "Company") (TSX: BKI; OTC: BKIRF; FWB:BIN) management continue to make very positive progress in discussions with steel mills and global commodity trading companies that are showing strong interest to fund a meaningful amount of the expected US$452 million required to construct phase 1 of its Shymanivske iron ore project (the "Project") in exchange for securing offtake rights. The offtake rights entail purchasing up to the full four (4) million tonnes per annum of ultra high grade 68% iron ore planned to be produced in phase 1 at a slight discount to the daily traded benchmark iron ore price, and an equity ownership stake in the Company.

A number of the offtake groups have started discussing and proposing commercial terms and structure for a potential investment, while others continue to do deep analysis and due diligence, including asking for follow up site visits to the Project. While several of these groups are based outside of Asia, there are potential offtake and construction investors based in Asia. Due to the coronavirus outbreak, travel to and from Asia has been limited and thus some of these potential offtake groups have been unable to schedule a site visit at this time. Black Iron's management are highly focused on securing the best deal for shareholders, which entails obtaining the largest amount of investment to fund Project construction for the lowest amount of offtake price discount and Black Iron equity.

As part of the detailed due diligence questions from potential offtake investors, Black Iron has amended the 2017 Preliminary Economic Assessment (PEA) mine model from its National Instrument 43-101 ("NI 43-101") Technical Report entitled "Preliminary Economic Assessment of the Re-scoped Shymanivske Iron Ore Deposit" effective November 21, 2017 (the "2017 PEA"). The update in the mine model has resulted in a slightly revised mine life and strip ratio (amount of waste mined per tonne of mineralized material). This has very little impact on the projected Project economics as seen in the summary table below showing results from the amended PEA in which all figures are reported in United States dollars.

Description Units 2017 PEA Amended PEA

IRR (pre-tax) 43% 41%

(after-tax) (%) 36% 34%

NPV @ 10% discount (pre-tax) 2,115 1,852

(after-tax) ($M) 1,662 1,442

Payback period (Years) 2.6 2.9

Initial Capital Cost ($M) 436 452

Operating Cost (mine, process,

rail, load boat) ($/t conc.) 31.46 32.63

Realized selling price FOB Based

on CFR China price for 62% Fe

Month to date actual $87/T for 97 97

62% Fe ($/t conc.) 62 62

Subset of Resources within open

pit (Mt) 507 411

Mine Life (Years) 20 17

Strip Ratio 0.6 1.0

The amended NI 43-101 technical report (the "Amended Report") retains the same title and effective date: "Preliminary Economic Assessment of the Re-scoped Shymanivske Iron Ore Deposit" effective November 21, 2017. The Amended Report replaces the 2017 PEA as the current NI 43-101 technical report for the Project. With exception of the updated mine plan and the associated operating, capital and project economics, the remainder of the Amended Report remains unchanged from the 2017 PEA, including sections relating to the mineral resource estimate, processing, infrastructure and environmental management plans. The Amended Report can be found on www.sedar.com under the Company's profile.

Matt Simpson, Black Iron's CEO, commented: "There is strong interest from a number of steel mills and global commodity trading companies to secure offtake rights in exchange for making a significant percentage of the needed capital towards Project construction. My main goal over the coming months is to secure a large investment from one of these groups to fund construction as doing so is transformative for Black Iron."

"The increased focus globally to reduce the impacts of climate change is leading to significant steel sector restructuring resulting in a growing demand for higher iron content, low-impurity feedstock that can be pelletized as steel mills strive to lower emissions and boost furnace efficiency. The projected quality of Black Iron's expected ultra premium 68% iron content pellet feed with low levels of alumina and phosphorus is perfectly positioned to meet this need", explained Matt Simpson.

The Amended Report has been prepared in accordance with the guidelines of National Instrument 43-101 by the independent firms BBA Inc. and Watts, Griffis and McOuat Limited (with the individual authors identified below) and is effective November 21, 2017 (same date as 2017 PEA). The results of the PEA are based on 100% ownership of the Shymanivske Project by Black Iron.

Qualified Persons

The contents of this press release have been reviewed and approved by the Qualified Persons, as follows:

-- Angelo Grandillo, P. Eng. of BBA Inc. QP for overall Amended Report

supervision.

-- Jeffrey Cassoff, P.Eng. of BBA Inc. QP for In-Pit Resource estimate and

mining engineering.

-- Michael Kociumbas, P.Geo. and Rick Risto, P.Geo., Watts, Griffis and

McOuat Limited, QPs for mineral resources estimate and geology and QA/QC

and data verification.

These persons are Qualified Persons as defined by NI 43-101, are independent of Black Iron, and have reviewed and approved the content of this press release. The Qualified Persons have also reviewed or verified all data including sampling, analytical, and test results underlying the information or opinions contained herein.

Cautionary Statement

The PEA is preliminary in nature, and it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the PEA will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

For readers to fully understand the information in this press release, they should read the Amended Report in its entirety which is filed in accordance with NI 43-101 on SEDAR (www.sedar.com) and it will be available soon on the Company's website, including all qualifications, assumptions and exclusions that relate to the amended PEA. The Amended Report is intended to be read as a whole, and sections should not be read or relied upon out of context.

About Black Iron

Black Iron is an iron ore exploration and development company, advancing its 100% owned Shymanivske project located in Kryviy Rih, Ukraine. The Shymanivske project contains mineral resource prepared in accordance with NI 43-101 estimated to be 646 Mt Measured and Indicated mineral resources, consisting of 355 Mt Measured mineral resources grading 32.0% total iron and 19.5% magnetic iron, and Indicated mineral resources of 290 Mt grading 31.1% total iron and 17.9% magnetic iron, using a cut-off grade of 10% magnetic iron. Additionally, the Shymanivske project contains 188 Mt of Inferred mineral resources grading 30.1% total iron and 18.4% magnetic iron. Full mineral resource details can be found in the 2017 PEA under the Company's profile on SEDAR at www.sedar.com. The Shymanivske project is surrounded by five other operating mines, including ArcelorMittal's iron ore complex. Please visit the Company's website at www.blackiron.com for more information.

The technical and scientific contents of this press release have been prepared under the supervision of and have been reviewed and approved by Matt Simpson, P.Eng, CEO of Black Iron, who is a Qualified Person as defined by NI 43-101.

For more information, please contact:

Matt Simpson

Chief Executive Officer

Black Iron Inc.

Tel: +1 (416) 309-2138

Forward-Looking Information

This press release contains forward-looking information. Forward-looking information is based on what management believes to be reasonable assumptions, opinions and estimates of the date such statements are made based on information available to them at that time. Forward-looking information may include, but is not limited to, statements with respect to the Company's ability to develop the Project, the the results of the amended PEA, the realization of the amended PEA, the expectations of future cash flows, the expected economics forecast, the geo-political climate in Ukraine, the Company's ability to raise adequate capital, the Company's ability to secure the requisite land rights and the Company's future plans. Generally, forward looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; other risks of the mining industry

(MORE TO FOLLOW) Dow Jones Newswires

March 02, 2020 18:00 ET (23:00 GMT)

For sure. This is a great opportunity for him to make contacts and deals. I really like where this is all heading. I have 100% faith in him and the crew. Just a matter of waiting it out until they seal the deals.

Matt speaking at a panel discussion during WEF. Wonder if he can have some side meetings with potential investor groups/larger mining firms like Glencore to jumpstart this machine.

haha,very true, for now.....

Everything is moving along swimmingly for sure... except the price, lol.

GL to you as well FullyBlown!

Everything is moving along nicely, just going to take some time. It is pretty frustrating though that the market isnt reacting more positively to the news. There are some really big things going on here. Ive got time too.... GL TEX

Another article out:

https://blackiron.com/black-iron-update-on-project-construction-financing/

Constructing likely to start by end of next year and lasting 24 months, but production about 2-3 years out. No worries. More time to load up more and more shares for the imminent explosion shortly thereafter.

Just now had a chance to watch the video. Definitely excited for what’s to come in 2020. Hopefully we get good price movement soon.

I’m going to try and get up to 100k shares under $10k and let that ride.

Black Iron Exploration sign deal to acquires land for Shymanivske project



Matt lays out a timeline and the sequence of whats coming up. This thing should explode in the first half of next year. Exciting !!

Absolutely!

Black Iron assembling the pieces to restart their Shymanivske iron ore project in Ukraine. https://www.proactiveinvestors.com/companies/news/907130/black-iron-assembling-the-pieces-to-restart-their-shymanivske-iron-ore-project-in-ukraine-907130.html

Looking good Tex, one of these days its going to skyrocket. It has way to much going for it not to. GL !

MOU for the land has been executed!


https://blackiron.com/black-iron-and-ukrainian-government-agree-on-terms-for-essential-land-transfer/

Black Iron: Putting the Shymanivske Iron Ore Project into Production


https://investingnews.com/daily/resource-investing/base-metals-investing/iron-investing/black-iron-putting-the-shymanivske-iron-ore-project-into-production/

Yes, its gonna be an awesome new year!!

Black Iron exciting year ahead for investors

https://ca.proactiveinvestors.com/companies/news/906074/black-iron-starts-the-process-to-restart-their-shyamivske-project-in-ukraine-906074.html

Just listened to the video. Sounds like they’re definitely going to try and push it through this time.

I’m extremely excited and will probably increase my position soon. GL to you as well!

Just stepped out of a meeting and saw the tweet haven’t read it yet tho.

Close to getting some huge news here Tex, should be a wild ride. GL

You and me both !!!

That price analysis is great. Currently right at the mid-range of what we discussed before.

One thing that may hold the valuation back long term is if, and how much of their financing, is share issuances and convertible notes.

Boy would I be thrilled to see closer to their true value assessment of $31/share!

Meant to post the link.
https://blog.fahy.co/

I saw that news about the middle eastern based company. That's the one who I hope gets the contract because they want to go in with Glencore. We are looking very promising. GL

Long-Term Price Case

$97.19/dmt

Flagship Project

Shymanivske

Ownership

100%

Shares Outstanding

186,300,000

Market Cap

$11,178,000

Average Annual Production

7,065,000 dmt

Recovery

98%

Payable Product

141.3M dmt

LoM

20 Years

True All-in Costs (TAIC)

$56.26/dmt.

Gross Revenue

$13,732,947,000

Ukrainian Federal Government Royalties

($863,300,000)

Net Revenue

$1,286,9647,000

Total Operating Costs

($4,446,200,000)

Operating Cash Flow (EBITDA)

$8,423,447,000

Income Taxes

($1,516,220,460)

Total Capital Costs

($1,124,200,000)

Net Income

$5,783,026,540

Net Profit Margin

42%

Absolute Cost Structure (ACS)

58%

MTQ Score (Higher is Better)

0.7

True Value

$31.04/sh.

True Value Discount (TVD)

100%

Cash Flow Multiple

5x

Net Annual Cash Flow

$289,151,327

Future Market Cap

$1,445,756,635

Future Market Cap Growth

12,834%

Target

$7.76/sh.

Notes: All Values in U.S. Dollars

That same article you posted hit US Newswires today. Saw it on yahoo finance just now. The article today had one KEY point in it that the one you posted left out.

Here it is:

“Last week, Black Iron's CEO also met with the owner of a Middle East steel mill that expressed a serious interest to make a substantial equity investment into the construction of Black Iron's project in exchange for offtake potentially alongside Glencore. This company is planning to construct a direct reduction pellet plant that would benefit from the very short, low cost shipping distance from Ukraine. There are very few global suppliers of direct reduction iron ore given the need to produce a product containing 70% iron with ultra low contaminants which Black Iron expects to produce from its project. Globally respected commodities analysis firm CRU forecasts there will be a 40 million tonne per year shortfall in supply versus needed demand of direction reduction pellet feed over the next fifteen years.”

I noticed it! I’m particularly encouraged by the points of site visits COMPLETED and signing MOU’s now and BINDING CONTRACTS by year end.

Excited to hear what more they have in the works:

“a more detailed announcement outlining the Company’s plan to fund project construction with potentially only a small amount of equity from the public markets will soon be provided to investors.”

Check out the section about project updates, things are moving along nicely. GL https://cutt.ly/neqXDdo

Going to interesting here really soon. Once Matt locks down a deal this is going to skyrocket. GL

https://blackiron.com/black-iron-announces-convertible-security-funding-and-provides-land-construction-funding-update/

News and update out.

GL to you as well!

Good deal, glad youre still here and adding. I like you analysis,id be ecstatic with $5+, there are so many big things in the works that i think we will do VERY well. There were some really important appointments made to the Ukrainian Government today. Some big black iron supporters. Can't wait for it all to get rolling. GL!

Yessir. 45k, got some other monetary commitments end of this month and mid next two months but gonna try and scoop as much as I can.

I honestly can’t see much downside risk here and what is present is rather minimal.

They’re supposed to be receiving their loan proposals this month and hosting the Chinese construction investors early to mid next month. So your two months looks accurate. I think it’s fast approaching.

If things don’t work out and I can’t load more, I’m quite alright with 45k.

Speaking of the Chinese, they’re shifting to lesser emissions which means more demand for super premium product. Therefore premiums could go significantly higher for Black irons product.

I see ~$3-5 pps within a year after production starts ($.50-1.50 after they announce construction starts) and potentially double digit dollars in the following years if they aren’t acquired by a large mining company looking to diversify their portfolio. These execs, albeit a small team, I suspect have plenty of connections industry wide.

You still buying em up Tex? Shouldn't be much longer now, 2 months tops.

I agree and would love to see that happen.

Once funds clear im doubling to 50k shares. I’ll be happy with that. May push up more come January bonus time if the price is still depressed (highly doubtful).

I agree i think 50 cents here maybe by year end when funding is secured. $1-2 upon start of construction. 3-5+ after a few quarters of production.

I am hesitant that they may dilute more depending on the debt financing so that is a drawback.

I’m in it for the long haul. I don’t buy any stock looking for a short term flip. In for at least a year (unless it blows up and i will pull out my initial investment and small profit).

I definitely think by year end next year we are in dollars and potentially uplisting to a better US exchange like the Canadian pot stocks did- Aurora Cannabis and Canopy growth. Dual listed on the OTC and TSX then got uplisted from OTC to NYSE.

Good idea, I have a few more left to pick up but then Im done. Keep scooping them up !!

10$ would be awesome, i definitely see .55 when financing and land is all secured, then 1.40 once construction starts, then if we dont get bought out, i think 3-4 is reasonable once production gets rolling. The team at Black Iron has a ton of experience and know what they are doing. That along with their connections and the fact that the President of Ukraine says he wants to make this project a priority I think we are in a great spot. Also some EU banks are mandated to give money to projects in the Ukraine to lead them toward EU integration. If the pieces all fall into place then this stock is Gold. Just might take a little while.

As far as the word getting out, no not quite just let!

Let’s finish loading!

I was watching it fall amidst the recent uncertainty in the market and decided to wait. Looked and it was sub 6 so i pulled the trigger.

Significantly favorable risk/reward profile here. Enterprise value of $9 million??? That screams buy in my opinion. As the research report stated, this should be 50-60 cents US pps. Upon completion of construction this should trade about $385 million market cap (1x estimated ebitda). At ~180 million shares equals ~ $2 US pps.

As production commences, could/should fetch a 4-6x ebitda multiple which puts it closer to a $10 pps. That’s with just one year of production and only phase I (4Mt per annum).

You got in at a great price. The upside potential is huge here. just need to get the word out and get that big news. GL

I was looking at emailing last night, but saw the press release.

Full disclosure: been watching this for a few weeks but finally took a position yesterday AM with 25k shares at .056-.058 average. Waiting on funds to clear.

Definitely liked the news they put out and said they should have some financing offers coming in “at end of August” as well as hosting the Chinese construction investors in September on site.

So you are correct Fullyblown, exciting times very soon!

CEO: Matt Simpson , Msimpson@blackiron.com

After speaking with the CEO numerous times, there are so many big things going on behind the scenes that it leads me to believe next month will be big. Obviously he can't give out certain info but he is extremely positive about the direction we are headed.i encourage you to email him with any questions. Great guy and usually replies pretty quickly and with good info. GL

https://finance.yahoo.com/news/black-iron-comments-recent-share-220000988.html

Analyst research report:

http://blackiron.com/wp-content/uploads/2019/05/201905-Tormont50-initiation-on-BKI.pdf

Speaks highly to the opportunity here.

Just curious, what makes you think some major news is coming next month?

Definitely, loading up even more this month for the major news next month.

Seems like such a golden opportunity to get in before more news drops about securing financing or beginning construction.

At minimum 10x at these prices.