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.

right on cue! Fantastic news out, more iron ore and aquisition of more assets. Big rise coming today.

Berty

Can you put a chart in the header , please.

http://moneyam.uk-wire.com/cgi-bin/articles/201007120700211658P.html

August 04, 2010

Beowulf Is Targeting JORC Resources Of Over 500 Million Tonnes Of Iron Ore By April Next Year
By Alastair Ford



Theres a momentum building up, says Clive Sinclair-Poulton of Beowulf Mining, in reference to recent developments on the companys Kallak iron ore project in Sweden. Just lately its been all about Kallak as far as Beowulf has been concerned, and for two reasons. Firstly, because the ongoing drill campaign there has been intercepting mineralisation deeper than expected, to the great joy of the companys key technical man, Jan-Ola Larsson, and to the reasonable satisfaction of Clive himself. Secondly, because the company has just picked up a whole slab of ground contiguous to the Kallak licence to the south, ground which the companys own internal assessments reckon may end up doubling the overall resource base at Kallak to close on 300 million tonnes.
The trick, of course, will be to get those tonnages proved up to JORC standards, because at that stage the many and varied economic scenarios that Beowulf has been running on Kallak will start to have real credibility. And its in the achievement of that goal that Beowulf is now focussing all its efforts. The drill rigs are still turning up at Kallak. As at 12th July the company had powered through around 1,600 metres of the planned overall total of 3,500 metres. Come August, and that programme is just about nearing completion, with the first assay results expected in September.

Under the companys original plans the idea had been to move the drill rigs straight from Kallak onto Beowulfs other major iron ore project at Ruoutevare, but with the acquisition of the new land package at the southern end of Kallak, Clive and his team are seriously considering getting down to work there straight away. This ground, acquired from Venture Exchange listed Tasman Metals, could be a significant addition to the Beowulf portfolio if it lives up to Clives, and Jan-Olas expectations. It looks like a continuation of the Kallak orebody, says Clive. We believe theres another 150 million tonnes there of similar quality.

Just exactly what he means by similar quality will become clearer when the results start to come out in the autumn, but anybody who remembers the Beowulf of old, and still doubts its capacity to deliver a real and workable project, should look only to Ruoutevare, where the company has already delivered a resource of 140 million tonnes grading 39.1% iron. That resource was the subject of a conceptual study by consultants at Raw Materials Group, the results of which held out the tantalising proposition that Ruoutevare could produce cash flows of over US$3 billion over a 15 year mine life. It wouldnt be cheap though, with capital costs estimated at around US$800 million. Not content with that, though, the company is hoping to drive the overall resource up to between 200 million and 250 million tonnes by April next year. The economies of scale from a larger resource would offer clear benefits, though for a company like Beowulf, capitalised at a mere 5.47 million, the sort of capex were talking here looks rather too heavy a lift.

But Clives not too worried by that. No-ones ever said that Beowulf would go it alone. Indeed Clives made one or two trips to China over the last 12 months or so to open up potential channels of communication there. Once weve got JORC numbers on the assets, well go out and talk to anybody and everybody about what weve got, he says. And hes not just focussing on China these days. Sweden may be the sixth largest importer of iron ore into the Middle Kingdom, but the European Union consumes a fair amount of iron ore too, and it would be churlish to ignore a friendly market on the companys own doorstep. Some sort of off-take deal looks inevitable when the timing and the pricing looks right, though that may not be any time soon.

Short-term the news to watch for will be on the assays from Kallak, while really beady-eyed investors will be keeping an eye on where the drill rigs go later this month. And for those not currently enamoured with the prospects of iron ore, its worth pointing out that Beowulf also has the Ballek copper-gold project in joint venture with Energy Ventures. This one isnt just pie in the sky either it has a JORC inferred resource amounting to 47,000 tonnes of copper contained and 52,000 ounces of gold. Not earth-shattering, perhaps, but not to be sniffed at either, especially now that Energy Ventures is making the running under the chairmanship of Jan-Ola Larson, and with high hopes of adding more resources in due course.

The real value remains in the iron ore, but theres no denying that Beowulf has other hidden gems tucked away in its portfolio, left over from the days when former chairman Bob Young would hoover up projects as if they were sandwiches. One or two of those projects may sparkle yet, but the shares will probably only gain real traction when that 500 million tonnes of iron ore is safely booked, and to the satisfaction of the Joint Ore Reserve Committee.

This share is at last starting to rock, don't be surprised to see it double one day this next week or so, way too cheap. Could get over 100p this next 12 months.

BMR loooooks the one this week.

back in again at 5.87p, took my profits at 6.38p. with hindsight could probably have a smidge better but hey a profit isn't a profit till its banked

I sold a few on the way up at about 5.90 and 6.89, want to top up again.

Robert, your buy at 5.87p did it show up as a sell ? i think a lot of buys are now showing as sells

didn't show at all! have L2[well till tomorrow any way] and didn't see it.

Edit my last post, also sold a few at 7p

Robert

If it was a large trade may show tomorrow as a late trade. or was it a Plus trade

twas for only 7612 shares hardly earth shattering. but that is still another 612 shares for free after costs.
Alex

not the best of updates imo,needed more meat on the bones so took profits hoping to get in lower.

with hindsight prob should have waited til today's results. however as they say buy on rumour[ie prospect of good results] sell on fact[ergo the not quite so good results]. that said dont think its a bad company and shall hold for the time being. i may top up on weakness money permitting. GL

Alex

Were is everbody have you all sold out at 8p , just sold 70% of mine at around 9.5p , last sell at 10p. shares have spiked up 30% today.

i did sell out at 7.75p for a modest profit because i am closing an account and was hoping to buy back cheaper today. oops. will wait a day or two and see if it retraces a bit. it was cheaper to sell than to transfer to new a/c, though today's rise would have paid for it 5 times over. :[
i will be back in these at what price is the tricky question

Alex

bit of profit taking this morning

are you back in Alex ?

not yet. need to wait the t+3 then swap cash to new trading a/c [t+3 tomorrow]

Ok , best of luck