Home > Boards > US Listed > Alternative Energy > Black Iron, Inc. (BKIRF)

I was watching it fall amidst the recent

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Tex18   Tuesday, 08/13/19 01:50:31 PM
Re: fullyblown1 post# 20
Post # of 60 
I was watching it fall amidst the recent uncertainty in the market and decided to wait. Looked and it was sub 6 so i pulled the trigger.

Significantly favorable risk/reward profile here. Enterprise value of $9 million??? That screams buy in my opinion. As the research report stated, this should be 50-60 cents US pps. Upon completion of construction this should trade about $385 million market cap (1x estimated ebitda). At ~180 million shares equals ~ $2 US pps.

As production commences, could/should fetch a 4-6x ebitda multiple which puts it closer to a $10 pps. That’s with just one year of production and only phase I (4Mt per annum).

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