Kallak deposit discovered Already in the 1940s, is located in Jokkmokk Municipality in Norrbotten. Jokkmokk Iron Mines AB (JIMAB) owns and operates the deposit under - search and development which are well advanced.
The ore body is very large, at least 140 million tonnes, its upper part rises to ground level and are suitable well for open pit mining. Fyndighe - ten is approximately 1200 feet long and 150 to 300 feet wide. It is uppbor - range to about 300 meters depth, but continues at depth. The indications that this may become Sweden's next big iron ore - project's proximity to existing infrastructure. A high voltage transmission for electricity are very closely such as roads and railways. To example is the Inland Line only 40 kilometers away. Although the ore chemical composition - composition with magnetite is a advantage and thereto absence of sulfur, phosphorus or another that does not interfere at ironmaking or may cause environmental problems, for example acidification. Drilling has been done and is ongoing with high intensity. Trial mining of approximately 500 tonnes ore carried out in summer and autumn of 2013., the sample ore mined has provanrikats in eastern Finland at a facility that has process machines of size required for designing the process and facility planning that builds - gas Kallak. JIMAB, which is headquartered in Jokkmokk, owned by the British company Beowulf Mining PLC. Currently is about 30 people full-time employed in efforts to develop Kallak against mining. Mine start in five to six years is plausible.
Lol , I was buying this at 3p-5p and sold at 7.5p and then watched this this go all the way to the highs...... I felt sick lol to stubborn to get back in and the train left without me! Not going to let that happen again, maybe it is a good idea maybe not. But that's what makes a market buyers and sellers I guess.
price is very low , so ideal for topping up , company will sell kallak north , as well as kallak south , kallak nr 2 and ballak as a very juice combined assett. our backers will want a very healthy return on its investment . sale in 2015. not long to wait . good luck.
It seems a good idea to build a stake here over the next 12-18 months at these low prices and cash in when the board look to sell or get a jv.... Atleast that's what I have been doing and will continue to buy. Really need patience with this company but potential returns are massive. GL
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