Black Iron Files PEA Report

Black Iron (TSX:BKI,FWB:BIN) announced it filed a preliminary economic assessment on the Shimanivske iron ore deposit.

As quoted in the press release:

The PEA outlines an operation producing 7.3 million tonnes per year of 67% iron ore pellet plant feed, projecting a 42.1% internal rate of return (“IRR”) and a $3.0 billion net present value (“NPV”) at an 8% discount rate. The PEA also outlines Black Iron’s option to produce 7.6 million tonnes per year of 65% pellets, which generates a much higher NPV of $4.1 billion, along with a reduced IRR of 35.2%, due to higher construction costs.

Click here to read the Black Iron (TSX:BKI) press release.