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As a pre-revenue explorer and developer, Black Iron incurs ongoing project and corporate costs, producing recurring losses and operating cash outflows while equipment spending remains minimal. Its model depends on external financing rather than internally generated cash, with equity placements providing liquidity and increasing the share base.
The September results confirm the established pattern of no revenue, ongoing losses and operating cash use. Equity financing supported liquidity but did not change the underlying pre-production, externally funded model.
Whether the Shymanivske project secures additional funding while recurring operating outflows continue.
| Metric | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| 14.1m | 3.2m | 840k | 110k | 990k | 1.7m | 5.7m | 2.3m | 1.1m | 1.8m | |
| 14.1m | 3.2m | 840k | 110k | 990k | 1.7m | 5.7m | 2.3m | 1.1m | 1.8m | |
| — | 2.3m | 3.2m | 510k | 0 | — | — | — | — | — | |
| 40k | 40k | 130k | 50k | 100k | 80k | 692.1k | 64.7k | 66k | 51.2k | |
| — | 40k | 130k | 50k | 100k | 80k | 692.1k | 64.7k | 66k | 51.2k | |
| — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 10k | — | — | — | — | — | — | — | — | — | |
| 14.1m | 5.5m | 4.2m | 670k | 1.1m | 1.8m | 6.4m | 2.3m | 1.2m | 1.8m | |
| 30k | 10k | 10k | 0 | 0 | 0 | 7k | 3.6k | 1.6k | 543.2k | |
| 30k | — | — | — | — | — | — | — | — | 543.2k | |
| (180k) | — | — | — | — | — | — | — | — | (75.6k) | |
| — | — | — | — | 300k | 40k | 0 | — | — | — | |
| 14.1m | 5.6m | 4.2m | 680k | 1.4m | 1.8m | 6.4m | 2.3m | 1.2m | 2.4m | |
| 600k | 250k | 100k | 370k | 400k | 560k | 827.7k | 980.3k | 1m | 929k | |
| 60k | 140k | 300k | — | — | 60k | 908.8k | 45.3k | 283.2k | 271.2k | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| — | — | — | — | — | — | — | — | — | 87.4k | |
| — | — | — | — | — | — | — | — | — | 2.6m | |
| 660k | 390k | 400k | 370k | 400k | 610k | 1.7m | 1m | 1.3m | 3.9m | |
| 0 | 0 | 0 | 0 | 1.5m | 390k | 0 | 0 | 0 | 450.3k | |
| 5.6m | 0 | — | — | — | — | — | — | — | — | |
| 50k | 0 | — | — | 1.2m | 6.5m | 0 | — | — | — | |
| 6.3m | 390k | 400k | 370k | 3.1m | 7.5m | 1.7m | 1m | 1.3m | 4.3m | |
| 67.5m | 67.5m | 67.5m | 67.5m | 68.3m | 72.6m | 84.1m | 84.1m | 84.2m | 84.2m | |
| (61.4m) | (62.2m) | (65m) | (66.9m) | (70.6m) | (79.6m) | (80.8m) | (84.1m) | (85.7m) | (87.7m) | |
| 1.7m | (120k) | 1.3m | (270k) | 550k | 1.3m | 1.4m | 1.2m | 1.3m | 1.5m | |
| 7.8m | 5.2m | 3.8m | 310k | (1.7m) | (5.7m) | 4.7m | 1.3m | (154k) | (2m) | |
| 14.1m | 5.6m | 4.2m | 680k | 1.4m | 1.8m | 6.4m | 2.3m | 1.2m | 2.4m | |
| 159.9m | 159.7m | 159.7m | 159.7m | 186.3m | 259.9m | 303.5m | 303.8m | 304.1m | 304.1m |
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Stock intrinsic value is the real worth of a company's stock, based on its financial health and performance.
Instead of looking at the stock's current market price, which can change due to people's opinions and emotions, intrinsic value helps us understand if a stock is truly a good deal or not.
By focusing on the company's actual financial strength, like its earnings and debts, we can make better decisions about which stocks to buy and when.
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