Decide at what price you'd be comfortable buying and we'll help you stay ready.
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 | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| (1.9m) | (2.7m) | (2.1m) | (2.4m) | (2.7m) | (5.8m) | (3.5m) | (1.6m) | (2.2m) | (1.5m) | |
| (1.6m) | (1.9m) | (1.5m) | (1.7m) | (2m) | (3.1m) | (1.3m) | (1.1m) | (1.3m) | (840.8k) | |
| (590k) | (770k) | (650k) | (670k) | (700k) | (2.7m) | (2.1m) | (468.3k) | (830k) | (674.3k) | |
| 250k | 0 | — | — | — | 16k | 0 | — | — | — | |
| (1.9m) | (2.7m) | (2.1m) | (2.4m) | (2.7m) | (5.8m) | (3.5m) | (1.6m) | (2.2m) | (1.5m) | |
| 150k | (240k) | (20k) | (540k) | (6.4m) | (53.2k) | 35.4k | 26.6k | 23.2k | 62.7k | |
| — | — | — | 53.5k | 380.6k | 5.5k | — | — | 5.2k | 55k | |
| 0 | — | — | — | — | — | — | — | — | — | |
| 0 | — | — | — | — | 14.6k | 0 | — | — | — | |
| (1.8m) | (2.9m) | (2.1m) | (2.9m) | (9.1m) | (5.8m) | (3.4m) | (1.6m) | (2.1m) | (1.5m) | |
| (1.8m) | (2.9m) | (2.1m) | (2.9m) | (9.1m) | (5.8m) | (3.4m) | (1.6m) | (2.1m) | (1.5m) | |
| 10k | 0 | — | — | — | — | — | — | — | — | |
| (1.7m) | (2.9m) | (2.1m) | (2.9m) | (9.1m) | (5.8m) | (3.4m) | (1.6m) | (2.1m) | (1.5m) | |
| (0.01) | (0.02) | (0.01) | (0.02) | (0.04) | (0.02) | (0.01) | (0.01) | (0.01) | 0.00 |
Alpha Spread
Preferences
We rebuilt our DCF valuation models from the ground up and upgraded how Intrinsic Value is calculated. Alpha Spread now selects the method that best fits each company.
You can now see how the new methodology performed across thousands of stocks on our new Valuation Backtest page. We update the results at the end of every month.
New to Alpha Spread? Create free account
By using Alpha Spread you are agreeing to our Terms of Service and Privacy Policy.
Already have an account? Sign in
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.
Read more
