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eResearch Issues Initiating Report on Black Iron Inc.
Jul. 20, 2011 (Baystreet.ca) -- Black Iron Inc. (TSX-V: BKI) is a junior exploration compan...
About this update from Black Iron Inc.
[{"type":"text","content":"\neResearch Issues Initiating Report on Black Iron Inc.\n\n Jul. 20, 2011 (Baystreet.ca) -- BlackIron Inc. (TSX-V: BKI) is a junior exploration company with two iron oreproperties in Ukraine’s Kryvyj Rih iron ore basin.BlackIron’s projects are strategically located in Ukraine, close to the European andMiddle East steel markets, and considerably closer to the key Chinese marketthan either Brazilian or Canadian peer projects.TheShymanivske property has more than 346Mt of iron ore in NI 43-101 M+I resourceand 814 Mt of iron ore in a combined M+I+I resource. The Company’s near-by Zelenivskeproperty also has promising historic drilling results, and exploration is tostart later this year.Locationand infrastructure are excellent. The projects are located 2-3km from the main railroad, which provides ready access to Ukraine’s westernborder and to southern seaports just 200 km away. Electricity and paved roadsare readily available, and the area has a skilled work force.BothBlack Iron projects are sandwiched between already-producing iron ore projects,which are owned by Metinvest, Ukraine’s largest steel-maker, and metals giantArcelorMittal. Together these companies have 2+Bt of iron ore resources. Sincethe area may be part of a bigger mineralization, Black Iron is likely toexplore in its projects’ vicinity to extend its resource.Weare initiating coverage of Black Iron Inc. with a Speculative Buy rating, and aTarget Price of $1.80.To readthe complete Initiating Report, click here: http://www.eresearch.ca/_report/BKI_071911-I.pdfeResearch posts all its reports andarticles on its website, www.eresearch.ca, andsubscription is FREE.About Us: eResearch is a primary source for professional investment research,focused primarily on small- and mid-cap companies. Our research and analysis isof institutional quality, and has the potential for reaching millions of globalinvestors through our extensive electronic distribution network.Contact:eResearch: Bob Weir, CFA, Managing Director,Research ServicesTelephone: (416) 703-6258 Ext 221; E-mail: [email protected] \n\n\n\n","length":2494,"tagName":"div"}]