Black Iron, Inc. (BKIRF)

[Tex18]

That same article you posted hit US Newswires today. Saw it on yahoo finance just now. The article today had one KEY point in it that the one you posted left out.

Here it is:

“Last week, Black Iron's CEO also met with the owner of a Middle East steel mill that expressed a serious interest to make a substantial equity investment into the construction of Black Iron's project in exchange for offtake potentially alongside Glencore. This company is planning to construct a direct reduction pellet plant that would benefit from the very short, low cost shipping distance from Ukraine. There are very few global suppliers of direct reduction iron ore given the need to produce a product containing 70% iron with ultra low contaminants which Black Iron expects to produce from its project. Globally respected commodities analysis firm CRU forecasts there will be a 40 million tonne per year shortfall in supply versus needed demand of direction reduction pellet feed over the next fifteen years.”