Black Iron Inc. (TSX: BKI) (OTC: BKIRF) is developing an iron ore mine ranked as the lowest-cost undeveloped project globally by both CRU and Wood MacKenzie. Black Iron differentiates itself with exceptional infrastructure access, along with the very high 68% iron content purity of its final product. The company’s project is located in an established mining region surrounded by five operating iron ore mines owned by leading companies, including ArcelorMittal, Metinvest and Evraz. Black Iron’s cost to mine, process, rail and load a ship is estimated at only US$33/T for an ultrahigh grade 68% iron content product (top 4% globally = lower GHG emissions to produce steel). Using a long-term iron-ore price of US$62/T (current actual ~$90/T) results in a 34% IRR and US$1.4billion NPV (10% discount rate) after tax for a company with current market capitalization of only ~US$9 million (~CND$12 million).
For more information, visit the company’s website at www.blackiron.com
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About InvestorBrandNetwork’s Virtual Coverage
The InvestorBrandNetwork (“IBN”), a multifaceted financial news and publishing company, is providing the online investment community with a custom-built portal that includes summaries on each of the publicly traded companies that planned to participate at this year’s Spring Investor Summit in New York City. In addition to enabling proficient evaluation of each company via one-click access to market research tools and helpful website links, IBN is using social media and syndicated articles to maximize the virtualization of Investor Summit.
For more than a decade, IBN has provided real-time coverage for numerous global events and conferences through its various brands, social media accounts and investment newsletters. To further expand visibility of participating companies at these events, and to ensure another successful year for our event partners, IBN’s syndication partners are extending the virtual coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.
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