Shareholder & Analyst Conference Call and Webcast
July 23, 2013 at 8:30am ET
Speaker:
Matthew Simpson, President & Chief Executive Officer
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About the Company:
Black Iron is an iron ore exploration and development company, advancing its Shymanivske project located in Kryviy Rih, Ukraine to production. On November 15, 2012, the Company announced completion of its NI 43-101 compliant bankable feasibility study (“BFS”) on the Shymanivske Project. The BFS outlines an operation producing 9.2 million tonnes per year of high-grade 68% iron ore concentrate, projecting a 45.9% internal rate of return (“IRR”), US$3.5 billion net present value (“NPV”) at an 8% discount rate and 2.2 year payback for a capital investment of US$1.1 billion. The project is surrounded by five other operating mines, including ArcelorMittal's iron ore complex. The Company believes that existing infrastructure, including access to power, rail and port facilities, coupled with locally available skilled labour will allow for a relatively quick and low cost development timeline to production.Please visit the Company's website at www.blackiron.com or write us at info@blackiron.com for more information.