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Beowulf Mining, a speculative buy on "outstanding" test results

By Robert Tyerman | Saturday 13 June 2015

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.

Iron ore hopeful Beowulf Mining (BEM) is trumpeting ‘outstanding’ sample test work results from its Kallak North project in northern Sweden, which the company says would enable it to offer ‘super high-grade’ magnetite concentrate at hefty price premiums to eventual customers. Having fallen from a 12-month high of 4.53p to a1.15p low, the shares have rallied to 2.07p -- still a fraction of levels seen 10 years ago -- helped by samples showing magnetite with an iron content of more than 71% with only low levels of silica, alumina, sulphur, phosphate and other ‘deleterious’ materials.

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