Beowulf Mining SDB - BEO SDB

Flera månader sedan förra posten.. För att sammanfatta Beowulf:

* Gruvan i Kallak har klassats som nationalintresse av regeringen
* Sista tillstånd krävs för att kunna börja borra på riktigt, förväntat svar runt april
* Kommer antagligen säljas vidare till annat bolag
* Värderats till 25kr+ uppemot 50kr enligt fyndighetens storlek

Och nu till det negativa:

* Vilhelmina Minerals fick sitt tillstånd avslaget, rennäringen vann (samer.. de har en stor del av landet men nöjer sig inte förrän de får allt)
* Kursen kommer antagligen sjunka lite till

Vi som investerat i Beowulf sedan många år har väl kommit till slutspurten nu. Vi nådde omkring 8 kronor som mest, en 16x högre kurs än dagens och vi har varit med om de värsta dipparna. ATL hela tiden. Men är det dags nu? Det här är verkligen en hit or miss skulle jag vilja säga. Blir det en miss är det bara säga hej då till alla pengarna, men man ska endast investera om man klarar av en förlust. Det här är verkligen roulette fast med oddsen på din sida. Vad är det som säger att Beowulf får tillstånd och inte Vilhelmina? Bland annat nationalintresset, höga investeringar som krävts, att säga nej till bolaget blir som att säga nej till all framtida utländsk gruvnäring, för varför undersöka och lägga åtskilliga miljoner och dessutom få dessa provborrningstillstånd om du ändå får ett nej när det gäller?

Detta projekt skulle dessutom skapa en hel del jobb.. Men samerna vill tyvärr hålla fast vid rennäringen.

Jag kommer personligen gå in med mer vare sig det rör sig neråt eller uppåt, åtminstone fram till vi fått resultatet från tillståndet. Men jag säger inte att det här är säkra pengar. Jag tror bara på det. Men det skulle inte vara helt fel att eventuellt kunna tiodubbla, tjugodubbla osv pengarna man lagt in.

My two cents, så att säga.

Finns det någon tidsrymd när beslutet om kallak väntas komma?

Oja. Vi fick en rapport idag som sammanställer läget, här är lite highlights som har med själva datumen att göra:

* Metallurgiska testresultat kommer om några veckor (slutet av mars enligt rapporten). Det här blir en viktig rapport, är resultaten goda kan jag lova att det blir fint uppsving i aktien.

* Man ska börja borra igen efter ett långt uppehåll i Kallak South i slutet av Q1/början på Q2.

* 1.050 meter borrat vid andra gruvan Ballek (inte lika viktig gruva som Kallak dock) med ytterligare 1950m slutet av april.

Sist men inte minst, det viktigaste som vi alla väntat på:

* Bergsstaten kommer med beslut runt Q2 om tillståndet för Kallak North. Tillståndet gäller i 25 år. Om detta godkänns kommer gruvan med största sannolikhet att säljas vidare, JIMAB/Beowulf är inte lämpade att gräva själva skulle jag + många andra vilja säga. Men om de får ett tillstånd kommer intressenterna flockas runt de så det är inga problem där, vi pratar antagligen om en av de största gruvorna i Sverige. Med andra ord gäller det jag skrev i förra inlägget!

"Bridle notes that following some dealys in 2013, he is hopeful the firm should make significant progress this year.

"The resulting news flow should be a useful catalyst for the share price, which has fallen by 66% in the past 12 months despite the progress made and financing secured," he said."

"Asa Bridle at Cantor Fitzgerald repeated its 'buy' rating and target price of 18p on the stock." Bara på den nivån pratar vi en tre-fyradubbling av pengarna.


Det andra kvartalet ska bli riktigt roligt, förhoppningsvis kommer det första riktiga uppsvinget på några år nu vid slutet av mars då analysen kommer, men det riktiga ruset kommer vid tillståndet. Finns ju dock en risk att det blir avslag men den är minimal skulle jag vilja säga.

http://www.investegate.co.uk/beowulf...280700571430B/

Tåget drar igång om 3-4 veckor..

Vart köper man aktier i detta företaget? OMSX? Vilken kod?

Aktietorget!

"Gruvbolaget Jokkmokk Minings utsikter för nästa steg mot en gruva är lovande, enligt Åsa Persson, bergmästare på Bergsstaten. Det är den myndighet som delar ut undersökningstillstånd. Då berget är rikt på magnetit, får bolaget troligen bearbetningskoncession och kan därmed ansöka om att påbörja sin gruvdrift." (artikel från 2013)

Med andra ord, det är väldigt säkert att vi får tillståndet nu till sommar.

http://www.trafikverket.se/PageFiles...n_20140312.pdf

""Bärigheshöjande åtgärder för gruvetablering Kallak" Vaikijaur-Randijaur
start 2017, 51-100 Mkr."

Trafikverket börjar också arbeta med bärighetshöjande åtgärder. Det här bådar gott, +10% i dag också, fast kan inte förklara det på något vis.

EDIT: Får inte glömma att de har börjat borra igen. Nu med 2 borrar istället för 1.

Ner 93,5% under knappt två års tid. Ner 63,5% under ett års tid. Vi tackar än en gång TS för de goda råden!

Beowulf: Operational Update March 2014

Se nyheten från Beowulf

Beowulf (AIM: BEM; Aktietorget: BEO), the mineral exploration and development company principally focused on the Group’s Kallak North and Kallak South iron ore deposits in northern Sweden, announces an operational update in respect of both its Kallak and Ballek projects.

Highlights:
• Encouraging results received, ahead of schedule, from the Geological Survey of Finland (“GTK”) in relation to its pilot scale test work on material from the test mining sampling programme conducted on a defined area of the Kallak North deposit, and transported to GTK’s facility in Finland, late last year. The grade and recovery levels from the magnetite beneficiation circuit tested were excellent with further test work by GTK currently scheduled for May/June 2014.
• The Group’s drilling campaigns on both the Kallak North and Kallak South deposits have now recommenced.
• Recently granted Ågåsjiegge nr2 exploration permit has further extended the Group’s licenced area in the Kallak region.
• Ongoing Ballek drill campaign continues to make good progress with operations currently underway on the sixth hole of the planned eight hole programme with 1,540m of drilling completed to date. Core samples from the ongoing drilling are being sent to the ALS laboratory in Öjebyn for analysis with initial results currently expected to be received in Q2 2014.

Clive Sinclair-Poulton, Executive Chairman of Beowulf, commented: “I am delighted to report the recommencement of our extensive drilling campaigns at both Kallak North and Kallak South and promising initial pilot scale test work results for Kallak North.

“Drilling at Ballek continues to progress well, with more than half of our planned, up to 3,000m, drill programme now completed, and good relations being maintained with the local Sami community.

“We are also pleased that the Ågåsjiegge nr2 exploration permit has now been officially granted. The permit area is favourably located adjacent to our existing Kallak project area and we firmly believe that there is a strong likelihood that the geological structures hosting the iron mineralisation at Kallak are repeated in the Ågåsjiegge area.

“I am confident that Beowulf has a strong team in place, as we continue our work towards securing the award of a mining licence for Kallak North.”

Kallak North drill campaign
The Company’s wholly owned subsidiary, Jokkmokk Iron Mines AB (“JIMAB”) recommenced its Kallak North drill programme on 8 March 2014 following the expiry of the local Sami community’s eight week suspension entitlement under the terms of our work plan. Accordingly, no further disruptions to the infill drilling programme are currently envisaged.

The existing work plan, for up to a total of approximately 11,000m of drilling, remains valid until 31 October 2015. The initial phase of the campaign, comprising 1,546m over nine holes, was completed in August 2013. To date, approximately a further 925m of drilling across three holes has been completed on the second phase.

Initial pilot scale test work results for Kallak North
In late 2013, approximately 500 tonnes of ore from the test mining sampling programme completed on a defined area of the Kallak North deposit was transported to a test facility in Outokumpu city, owned by the Geological Survey of Finland (“GTK”). The main portion of the material was a general composite bulk sample, representing all of the test mined sections at Kallak North in proportion to their respective occurrence.

Pilot scale test work seeks to demonstrate, by replicating production scale conditions and using large, representative batches of test material, that marketable products can be produced at sufficient recovery levels. In addition, a pilot operation enables batches of products to be produced for additional downstream test work by, for example, potential clients.

GTK’s initial report in respect of its test work has now been received. Approximately 60 tonnes of the general composite bulk sample was tested during a two-week pilot campaign at GTK’s facility in December 2013, primarily focusing on establishing recovery and product quality parameters for the magnetite content. Average iron (Fe) content for the sample was 29.5 per cent. The proportion of magnetite to hematite in the sample was established to be approximately 3.4:1.

The magnetite beneficiation circuit was conventional and straightforward, consisting of rod milling with rougher-scavenger cobbing LIMS (Laboratory Information Management System) pre-concentration, followed by ball mill re-grinding together with six cleaner LIMS stages to achieve the final magnetite product. The grade and recovery levels were excellent. The amount of dry magnetite concentrate produced for downstream test work was approximately 2.7 tonnes, grading at 69.4 per cent. Fe at a magnetite recovery of approximately 95 per cent. Average silica content in the final product was 4.2 per cent. and the levels of sulphur and phosphorous were insignificant, being below 0.01 per cent. The end product fineness was 80 per cent. passing 25 microns.

The secondary objective, to produce a concentrate of the hematite content, was successful in respect of the quality aspect. A 0.36 tonne sample of dry hematite iron concentrate was produced, at an average grade of 66.6 per cent. Fe, containing 3.3 per cent. silica, 0.03 per cent. phosphorous and less than 0.02 per cent. sulphur. The fineness was 80 per cent. passing 170 to 175 microns. Several different flow sheet options were tested in order to maximise the hematite recovery, without fully reaching the desired levels. The best beneficiation result was achieved using a combination of spiral separators, supported by SLon HGIMS (High-Gradient Magnetic Separator). Recovery remained at below 30 per cent. The short test work period did not enable optimisation of the hematite beneficiation section. Process mineralogy studies proved that the hematite losses were mostly occurring in the very fine particle sizes.

Based on the successful results achieved to date, JIMAB has commissioned GTK to proceed with the second stage of pilot testing, focusing on the different ore comminution options and enhancement of the hematite recovery. This additional test work is currently scheduled to be performed during May/June 2014.

Kallak South drill campaign
JIMAB recommenced its Kallak South drill programme on 12 March 2014 further to renewing the requisite drilling work permit. The existing work plan, for up to a total of approximately 18,000m of drilling, remains valid until 31 December 2015. Approximately 4,124m of drilling over 16 holes was completed to the end of October 2013 under the previous work plan and a further 101m has been drilled on a further hole since the campaign recommenced.

The areas drilled to date cover approximately 30 per cent. of the Kallak South anomaly and the remaining 70 per cent. undrilled areas are the subject of the current work plan. The plan envisages a drilling density of approximately 100m (north-south) between profiles and there is approximately a 100m (east-west) interval between the holes along each of the profiles. Approximately three to four holes are planned in each profile, with some holes located in wet areas thereby requiring drilling in the winter season, whilst other holes situated in drier terrain can be drilled all year round.

Oriented drilling will be used for the 2014 programme in order to obtain a more detailed understanding of the structural control within the mineralisation.

To assist with the management of the ongoing Kallak drilling campaigns, the Group has recently recruited two field geologists and a field technician.

Ågåsjiegge nr2 Exploration Permit

Further to the recent grant of the Ågåsjiegge nr2 exploration permit, the Group is currently preparing a 2014/2015 work plan. The licence area covers 6,836 hectares and the Geological Survey of Sweden (“SGU”) has historically estimated that the area may contain 74-75 million tonnes of magnetite iron ore. To date, no JORC compliant or equivalent international standard of resource estimate has been established.

This area is believed to have considerable potential. Historical cores from the SGU’s drilling work have already been logged and a review of the previous geophysical work undertaken. The work plan currently being prepared will enable further exploration work to take place.

Further to the grant of this latest permit, the Group now holds the following licence interests in the Kallak area:
Permit name Area (hectares)
Ågåsjiegge nr2 6,835.77
Kallak nr1 500.00
Kallak nr2 2,218.75
Kallak nr3 556.37
Nautijaur nr1 10,619.42
Parkijaure nr2 285.25
Parkijaure nr3 417.11
Parkijaure nr4 1,571.56
Parkijaure nr5 1,297.50
Total: 24,301.73

The Company notes that the local Sami community has recently lodged an appeal against the Group’s award of the Agasjiegge nr2 exploration permit and a further announcement will be made in due course as appropriate.

Ballek copper-gold joint venture project

The permits in respect of the Group’s Ballek joint venture project, where we act as operator, are now held by our Swedish subsidiary, Wayland Sweden AB (“Wayland”). The current drill programme will comprise up to 3,000m over eight holes under the existing work plan which remains valid until 30 April 2014. The contractor is utilising a single rig and is currently working on the sixth drill hole with more than 1,540m drilled to date. Weather conditions have been severe but drilling continues to progress.

Visible copper sulphides have been encountered in all drillholes and selected core samples have been sent to the ALS laboratory in Öjebyn for multi-element assays including copper and gold with initial results expected to be received in Q2 2014.

The Group is now interested in 58 per cent. of Wayland further to the terms of its joint venture agreement with Energy Ventures Limited, since it has sole funded the current drilling campaign.

Kallak North Exploitation Concession Application

A meeting took place last week between representatives from the Company and the Norrbotten County authorities to discuss the environmental aspects of the Group’s exploitation concession application for the Kallak North deposit. Further to this constructive meeting, a revised and expanded application is currently intended to be made to the Swedish Mining Inspectorate in early April 2014.

In addition, a meeting was held on 11 March 2014 between the Company’s representatives and the governor of Norrbotten County and his staff in order to provide an update on the Group’s progress at Kallak and its future plans.

Dr Jan Ola Larsson (Fil. Kand, PhD, DIC), has reviewed and approved the technical information contained within this announcement in his capacity as a qualified person, as required under the AIM rules. Dr Larsson is Technical Director of the Company and has over 40 years relevant experience within the natural resources sector.

London, 2014-03-19

För ytterligare information
Beowulf Mining Plc
Clive Sinclair-Poulton, Chairman Tel: +353 (0)85 739 2674

Strand Hanson Limited
Matthew Chandler / Rory Murphy Tel: +44 (0)20 7409 3494

Cantor Fitzgerald Europe
Stewart Dickson / Julian Erleigh / Jeremy Stephenson Tel: +44 (0)20 7894 7000

Blythe Weigh Communications
Tim Blythe / Halimah Hussain / Eleanor Parry Tel: +44 (0)20 7138 3204

or visit www.beowulfmining.net


Beowulf Mining Plc (AIM: BEM; Aktietorget: BEO), är engagerat i prospektering och utveckling av malmförekomster i norra Sverige. Prospektering sker främst av koppar, guld och järn. Från och med helt nyligen sker utveckling och prospektering även efter molybden. Beowulf Mining äger Sveriges största inmutningar av molybden vilket gör att bolaget har en stark fokus gentemot stålindustrin.


http://www.aktietorget.se/NewsItem.aspx?ID_News=68764

Cantor Fitzgerald Europe’s price target suggests a potential upside of 326.08% from the company’s current price.

http://www.wkrb13.com/markets/280688...ld-europe-bem/

Efter att ha bevakat Beowulf en längre tid i väntan på lite goda nyheter och ett ljus i slutet av tunneln, bestämde jag mig efter dagens uppdatering för att köpa en liten riskpost för 45 öre. Vi får se hur det går, känns som det är väldigt svårt att sia angående den här aktien och dess framtid men potentialen finns definitivt där.

Jag har också skummat igenom den här tråden och det är verkligen tragikomisk läsning. Så många verklighetsfrånvända människor svävandes runt på sina rosa drömmoln. Jag vet inte hur många gånger "den kan inte gå ner lägre" har skrivits här under de senaste tre åren.

Prospekteringsbolag som helt saknar kassaflöde och överlägande syfte i deras verksamhet är jag inte mycket för. Förstår bara inte exakt hur de ska få ut någon vinst. Ok, de kör borrprogram i Kallak, de får ut bra resultat? De kränger skiten till någon som vill finansiera utvecklingen av gruvan, förutsatt att de blir ok för gruvbrytning i Kallak. Tidshorisonten känns lite skev, oavsett scenario måste de väl få in lite pengar för att hålla sig i gång framöver?