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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