Beowulf Mining Share Discussion Threads

[induna123] 20/11/2015 13:25

slob, because they can't speculate as to why the share price rose, they can only report true facts.

[aries2000] 20/11/2015 13:21

They don't want to let the cat out of the bag lol.DYOR

[superslob] 20/11/2015 12:02

Just wonder if others feel BEM should have acknowledged the article as a possibility for today's rise rather than merely saying ''no reason....''?

[abergele] 20/11/2015 11:20

They do it all the time with my stocks Cuthbert,so it's of no surprise.
do they want stock? and trying to make it look like an exodus?

[nashwan123] 20/11/2015 11:20

Best pump and dump I've seen since FITB. I'm a LTH and suffered for years. Yes positive news imminent but funding or JV required to get the Ore out of the ground. How much is the share price worth on Swedish govt. approval? How much will it be to raise funds? More than 6p?

[cuthbert cuthbertson senior] 20/11/2015 11:10

the stupid mms are booking the buys as sells I wonder why

[cuthbert cuthbertson senior] 20/11/2015 11:04

Solo ignore the last RNS FROM Sweden the license will be granted shortly leaving the assets open to 60 - 9op per share. cc

[abergele] 20/11/2015 11:03

There you go anley2...my pessimism paid me off that time of re-entry,
I shall watch and wait.

The funny thing is that Landsear may regret selling of this share in a couple of months...

[abergele] 20/11/2015 10:44

anley2,
The chart says it was about end of March/April 2014 since we were at this dizzy height...almost feels like a nose bleed...

I know not of any news other than strength in volume buying that pushed us up,
and the Swedish support,..my support could have been pushed to 5p, so a little nervous of buying at this level.........my 20 yrs sceptism reminds me of other disasters,so I shall wait a while and see if we retrace to just over 5p.......
and will get those back,as not sure putting a limit was right this time..

[jack ladd] 20/11/2015 10:43

Sweden may value miners on potential more akin to the way Canada does rather than the way Brits do. Lets watch and see what happens when the license hits the mat...

[abergele] 20/11/2015 10:28

Jack Ladd..
where I came from we were all dragged up..haaaa.lol's

[jack ladd] 20/11/2015 10:18

Caradog, I kinda agree with you but if Sweden is happy to drag us up then so be it lol..

[football] 20/11/2015 10:12

liberatingsteptoe post 14969 in English

[liberatingsteptoe] 20/11/2015 10:10

It's a pity I can't even say that my Swedish is rusty, unlike the ground at Kallak, it being non-existent, but I can tell by the number of exclamation marks and millions being bandied around in the article that it all looks rather good.
No chance of translating via Chrome as my operating system is a bit too ancient.
Can anyone post it in English?
LS
Slow at typing too....... Thank you football!!

[caradog] 20/11/2015 10:08

Jack Ladd, don't let the fact that the blog you have linked to is written in Swedish cloud the fact that it is a wild ramp written by someone who hasn't the faintest idea of the scale of infrastructure investment required to build a mine that can produce 40% of the output at Kiruna.
I have no doubt that Kallak will be mined at some point in the future, but his arithmetic is the stuff of fantasy. Bear in mind that there is a recently constructed open cast iron ore mine in Kaunisvaara that the administrators can't give away.
I doubt if the author has ever been to Norrbotten or down a mine.
I expect the govt will give the go-ahead, and that will boost the share price short term, possibly spectacularly, but who is going to finance the project in the foreseeable future?

[football] 20/11/2015 10:06

Beowulf will beat all previous course rockets!

BLOG POST WAS WRITTEN BY:
HX60 (Member) 2015-11-20 09:39
Beowulf owns Europe's largest unbroken iron ore deposit with 600 million tons of iron ore of high quality. Awaiting a positive government decision any day - which inevitably leads to a kursuppvärdering of 3,000%. It has the capacity to over 5 billion in gross revenue / year for up to 60 years.

SOON slams Beowulf

Sometimes we miss the essentials when the subject is complex or details unclear. Beowulf is growing right now out from under the radar to become Sweden's next big corporations - most of us have missed it.

Think big. Consider then even larger. Increase a little until you approach the value of the Kallak deposit. It has 600 million tons of iron ore. It is as much present in the ore fields of Kiruna. This is by far Sweden's largest deposit of iron ore that still awaits exploitation.

In Kiruna, LKAB extracts the state of 25 million tonnes (Mt) per year. Kallak mine manage to leave 10 Mt / year. 40% of LKAB! This is bigger than most of us realize.

The price of iron ore is historically low. Right now pay about 50 USD / ton. Kallak ore is of very high quality and a higher price, about $ 65 USD / ton. It provides gross revenues of approximately SEK 5.5 billion / year - for up to 60 years!

Beowulf sitting on huge deposits, and the only requirement is a condition of the government to extract iron ore.

BRIEF HISTORY



Beowulf has had a long journey. The share price has peaked at 7.8 SEK 2011 and then fall back. Many have been waiting for a yes to the concession to begin ore extraction.

This year, the process has entered the home stretch. Important instances Norrbotten County Administrative Board and the Mountain State have changed their recommendation from former no or maybe to definitely yes. As late as October 2015 recommended the Mountain State Government to uphold Beowulf's application for the concession.

It has done extensive exploratory drilling in 2014 with a total of 131 wells to evaluate the find scope and quality. It has realigned management and established a good dialogue with the Sami villages as regards interference with the reindeer. There is now a plan to handle any disturbances and, where appropriate financial compensation.

The Company has made all the right and patiently worked out a good prerequisite for a positive government decision.

The government this summer announced the decision in the case will be taken in autumn 2015. In autumn ending November 30, now only remains to Government decisions. Very much point to yes.

FACTS ABOUT THE BARGAIN AND QUALITY

600 million tons Kallak can be extracted about 10 million tons / year. The size of the field is mostly a matter of how many years you can drive mining in the area. County Administrative Board believes in nearly 40 years, the company believes in 60 years.

Right now the price of iron ore hit a record low of about 50 US $ / t. Kallak producing ore of very high quality which gives a premium price, about $ 65 USD / ton.

At 10 Mt / year will be the annual production worth $ 650 million. With a dollar exchange rate of 8.7 SEK, this gives SEK 5.5 billion. Per year for 60 years!

SEK 5.5 billion per year compared to the current market capitalization of 250 million. Let's find out what it takes to market capitalization will increase to its correct value.

60 years is a long time, let us count the 10 years instead. 10 years gives 55 billion compared with the current valuation of 0.25 billion. The value of the deposit is thus 200 times greater than its market capitalization.

20.000% greater !!! This corresponds to a share price of SEK 120 instead of the current 0.6 SEK.

5.5 billion gross revenue for each year of break! County Administrative Board has the right in his 40 years there will be 220 billion total. Company has the right in its 60 year, we are approaching 330 billion!

Kallak provides significantly higher quality than is usual. Here are ore with 71% iron, while the standard is around 62%. The super high quality results in higher price premium than the difference in quality. The reason is that super high quality producing ore pellets that have more uses, such as SinterCast's production.

Good infrastructure

There is an excellent infrastructure in place in the area - it means low costs for transporting the ore to Narvik and Luleå for shipment.

Nearby Kallak is a hydroelectric plant and the available power lines. The electricity supply of the future mining operation is secured. In the area are dirt roads of good quality that can be easily upgraded and strengthened to cope with mining traffic.

Inland Railway runs past nearby. By building the 40 km rail (which is a trivial issue in this context), the mine is connected to the inland path and hence through the ore railway to reach the port of shipment Narvik.

Reindeer husbandry

This is currently the only obstacle to a regeringsgodkännade. The debate is infected and not factual. The Sami people do not want a mine in the vicinity, whether it disturbs reindeer herding or not. But Kallaks placement interferes not really interested trails seriously. One can build wildlife bridges in some places and the result of other places fences. These are solutions that have been successful elsewhere.

Reindeer husbandry will operate as before but it obviously means changes for the concerned Sami village.

Beowulf has decided not to draw future transport routes through the Sami sensitive areas. Future flows will therefore not result in any significant impact on reindeer husbandry.

Especially for reindeer husbandry has been proposed preventive and protective measures as a result of an analysis of the environmental impact. These measures will be further developed in consultation with the Sami villages.

It would still be negative effects on reindeer husbandry, the company will establish a framework for financial compensation for the reindeer.

The company has already launched cooperation with the villages affected by the mining project. Meetings take place regularly with leading stakeholders in and around Jokkmokk.

WHAT IS REQUIRED FOR revaluation?

All the pieces are now in place. Beowulf has done its homework. Mountain State, the Land and Environment Court and County Administrative Board of Norrbotten has spoken. They have been negative in the past but are now positive. There is a constructive dialogue with the Sami people and a concrete package of measures to limit the adverse effects on reindeer herding. The find is classified as being of national interest and will generate valuable jobs in Jokkmokk.

The only thing missing is a government decision.

All previous question marks are gone. All parties have said yes and recommend to the government to say yes. The previous conflict with the Sami villages are managed and no longer pose obstacles.

In summary Kallakprojektet generates significant employment effects at national level, in total it is estimated 580 jobs in the municipality of Jokkmokk.

The project comes under the provincial government to carry:

· More direct and indirect jobs

· An increase in the tax base

· A slowdown of emigration and population decline

The government has previously said that the decision on the issue will be taken in autumn 2015. In autumn ends November 30 - the day of Beowulf its report for Q3.

WHAT HAPPENS AFTER November 30?

When the government has made its decision and said yes, so Beowulf has suddenly acquired a concession that will allow them to exploit their enormous assets.

Orezone went example, up 530% in a single day. The reason was that they were authorized by the Mining Inspectorate to investigate the prospects for mining. Such authorization has, Beowulf had since in 2009.

Yes, government means real situation - a green light to begin the process of extraction.

VALUATION

I do not think the course is rushing off to a valuation of 330 billion. Reasonably could be a valuation that represents 10 years of extraction, ie 55 billion, or 132 SEK / share = 22.000%.

No, so good, it will be probably not. But let us assume that we can evaluate the find to one year of operation? Or maybe only 6 months? That will put us on a share price of between 6 and 12 kronor, which is roughly the low side but still perhaps the most realistic in the short term?

6-12 kronor, the target price for the 2015th


6-12 kronor = 45-90p

[anley2] 20/11/2015 09:56

It does not matter what share you hold but when you get a move such as the one we have just had even with a good story concerning the value of the licenses you have to sell some and take some skin off the table.

That is what I have done and the holding I have now is in for nothing.

Thank you Kurt for getting this business back on track - thank you Swedish shareholders for buying and I will watch with interest how the whole story now unfolds.

Kurt should post the story in English on the website.........

[abergele] 20/11/2015 09:50

Football,
I feel numb,,glad they went,but sorry ,as if an old friend has died...

[abergele] 20/11/2015 09:49

anley2,
What can I say,I left an auto sell trade in a month back for a few at 6.3p,never thinking but hoping,,went to make breakfast an hour ago ,came back and my shares were sold...dammnnnn,but a relief as they were losers,and then got more in the end,,,,,still holding in another a/c,,,what is going on??
A BID perhaps

[jack ladd] 20/11/2015 09:45

lol, amazing valuation shown if license arrives, Sweden are in a buying frenzy...I like the way Sweden drags us up....

[football] 20/11/2015 09:42

Jack Ladd and there I was thinking we had just been bought out by a subsidiary of Viagra

[jack ladd] 20/11/2015 09:37

This could be the reason for the rise...open in chrome and right click to translate:

[football] 20/11/2015 09:24

anley2 well done but it's still going up

[anley2] 20/11/2015 09:21

Indeed and I have sold a few at 6p+........

Yes ABERGELE there are approx 430m shares in issue and there will be more when options are exercised and issued for more cash which will be required in the future.

The company now has a M/C of £25m so I have finished with refigering my sums as we are in new territory............

[shortarm] 20/11/2015 09:20

Eh? What's going on?!?