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.
28 Apr 2021
High-quality iron ore from Ukraine to drive Green Steel revolution - initiating with C$1.56/sh target
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High-quality iron ore from Ukraine to drive Green Steel revolution - initiating with C$1.56/sh target
Black Iron Inc. (BKI:TSE) | 0 0 0.0%
- Published:
28 Apr 2021 -
Author:
Roger Bell | Anish Kapadia | Jay Ashfield -
Pages:
41
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.