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Investment Research Radio - Matt Simpson CEO of Black Iron Inc

Investment Research Radio - Matt Simpson CEO of Black Iron Inc

Released Friday, 14th December 2018
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Investment Research Radio - Matt Simpson CEO of Black Iron Inc

Investment Research Radio - Matt Simpson CEO of Black Iron Inc

Investment Research Radio - Matt Simpson CEO of Black Iron Inc

Investment Research Radio - Matt Simpson CEO of Black Iron Inc

Friday, 14th December 2018
Good episode? Give it some love!
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Matt Simpson CEO of Black Iron is interviewed:Black Iron is a Canadian iron ore exploration and development company advancing its 100% owned Shymanivske Project located in Krivyi Rih, Ukraine, to production. Matt Simpson joined Black Iron as CEO in 2010 and has led the company from a grassroots story to a development one, overseeing the Company's advancement of the Shymanivske Project to now be near shovel ready.Some key points for BKI:- Stock has been down managment has been prudently navigating company and market challenges- Black Iron's Skymanivske project is ranked in the lowest position of the business cost curve for pellet feed projects currently under development.- One of the lowest projected construction and operating cost iron mine along with ultra high grade ore concentrate.- Skilled Management Team, Directors & Board.- The project's capital intensity of $95 per tonneis ranked second lowest out of the projects within the entire CRU database.- In Negotiations with Ministry of Defense for Processing plant, tailings and waste rock.- Railway, port, power and close proximity to skilled labor.- Generated huge interest with many companies for offtake agreements and negotiations.- Actively seeking financing for construction. - Iron Ore market has been reletively stable and contineus to trend up since 2015.- Able to capitalize on the Grade premium. 68% Ultra High grade concentrate which will command attractive premium over benchmark price.- Shymanivske project contains a NI 43-101 compliant resource estimated to be 646 Mt Measured and Indicated mineral resources, consisting of 355 Mt Measured mineral resources grading 31.6% total iron and 18.8% 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.
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