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Beowulf prepares its next step in Sweden

By Robert Tyerman | Thursday 20 March 2014


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Fears over China’s current growth prospects may have knocked the investment appeal of iron ore for now, but Beowulf Mining (BEM), the AIM and Stockholm-listed company doggedly pursuing iron ore projects at Kallak in the north of the country, as well as copper and gold prospects in the same region, remains determinedly upbeat. Sampling from pilot test mining has produced 2.7 tonnes of concentrate at the Kallak North deposit with 69.4 per cent iron at a magnetite recovery of 95 per cent and entrepreneurial executive chairman Clive Sinclair-Poulton says he expects more work on the hematite ore in May or June.



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