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BEM drilling for 500 million tons of JORCed Iron Ore (BEM)     

bertyknows - 11 Jul 2010 18:50

Chart.aspx?Provider=EODIntra&Code=BEM&Si

http://www.beowulfmining.net/beowulf-mining-home.html

http://www.miningmaven.com/blog/51-blog/147-beowulf-mining-qaa-with-the-management

http://clients.westminster-digital.co.uk/minesite/microsite/events/67/video/index.aspx?companyid=67_5


High time this share was mentioned on here given their prospects in Scandinavia. The above three links tell most of the story so far and also the indicate the enormous upside offered to investors buying this stock as well as the huge disparity to its neighbours mining in close proximity to Beowulf. I have been slowly tucking these away between 3.5p and 5p with a target of at least 30-35p this current calender year. The management have been talking to Chinese investors this last few months and indeed they are due to host the very same anytime now. They are also announcing their latest drill results in the next few weeks. A great time to start getting involved here, a very proven management team and the stock is backed up with ample cash in the bank to fund more drilling. It would appear management are racing to prove up 500 million tons of JORC ore and then auction the company off to the highest bidder. They also have gold, copper and moly projects as well as the vast Iron ore acreage all for a market cap of 4 million. This truly may well turn out to be the stock of 2010/2011 and little wonder the Chairman says there's something not right why BEM is valued at 40 times less than its neighbours. DYOR and you'll see the potential.

gibby - 09 May 2011 12:03 - 36 of 38

yeeeeeeeehaaaaaaaaaaa s

gibby - 09 May 2011 12:09 - 37 of 38

its all blue - roll on 50p / 60p+ where the sp should be

niceonecyril - 02 Sep 2011 08:09 - 38 of 38

Beowulf Mining positive on Swedish iron ore projects
Tue 2:24 pm by Jon Mainwaring and Jamie Ashcroft
http://bit.ly/qYwSre

Beowulf believes that Kallak South and Kallak North represent one large iron ore body
Broker comment from Shore Capital

Beowulf Mining (LON:BEM) said this morning that it continues to retain a positive outlook for the potential of its flagship iron ore projects as it reported interim results for the six months to the end of June.
The firm, which owns several exploration projects in Sweden, confirmed that it had received encouraging initial assay results from the first 22 holes of its 3,500-metre drilling programme at Kallak South. Earlier this month, Beowulf said that the drilling at Kallak South showed the ore body there extends 2.2 kilometres north-to-south, more than 200 metres east-to-west and its depth extends to more than 275 metres.
We have consistently stated our belief that the Kallak deposits have both depth and breadth, and the drilling results have confirmed this with initial results for the two Kallak areas combined suggesting the presence of a substantial iron ore asset estimated to be in excess of 600 million tonnes, said Clive Sinclair-Poulton, Beowulfs executive chairman. The recent drilling has also confirmed the quality of the ore, with high grades of more than 30 per cent iron being recorded.
Sinclair-Poulton added that the firm is currently awaiting assay results for the remaining holes drilled at Kallak South as well as laboratory analysis on the drilled cores. The drill rig has been relocated to Kallak North to test the true depth of the deposit there. We strongly believe that Kallak South and Kallak North are one large ore body and the presently ongoing 1,500-metre campaign will include drilling holes at locations between Kallak North and South to seek to verify this, he said.
During the period, Beowulf made a loss of 276,693, compared with a loss of 221,968 for H1 2010 and 474,395 for the whole of last year. At the end of June, the firm had 510,949 cash on its balance sheet, compared with 232,589 six months earlier; Beowulf raised 1 million in May via a share placing.
Beowulfs shares were up 7.9 per cent at 27.25 pence each at 8:38am.
In his daily note to clients, which featured Beowulf this morning, Shore Capital analyst Yeun Low looked forward to an upcoming resource estimate for the Kallaks.

Low claimed that a good maiden resource will be key to reinvigorating the share price - which, like much of the market, has come under pressure in recent months (it has fallen from a high of 75 pence in February down to the current price of around 27 pence). "We expect a significant boost if the company can demonstrate that Kallak is one deposit," Low said.
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