I'm thinking back over 50p, maybe not this year, but it depends on various factors, a bull market, iron ore prices rising. (Concession approved, obviously). I'm looking for 50p again, especially as we near production, because the sp has also reached the 50p level twice before. Now we have more resource JORCed to a mineable level than we have done prior, with further drilling to come and an ANI status attached to the deposit, which may drive the price significantly should parties be interested in making an offer for our Company.
Only my thoughts, as resident neanderthal, but shorter-term, I'd be happy with double figures again over the next few months, with Concession nailed.
Finally, CSP could play Delt and I'll play CSP. Lol.
IMO we could have expected a valuation between 25m and 30m with the mining concession fully approved, that would give us an SP of circa 8p. But that was before the bottom dropped out of the market (that would equate to 17p when we had 160m shares in issue. Incidentally an SP of 70p today would value BEM close to a quarter of a billion pounds!!!).
Today who knows, there’s not much appetite for iron ore. We could never compete with the Aussies. I read a report recently they can supply FOB at $20 per ton, and at $20 a ton they can ship it anywhere. Now I know our market is the european one but they are in meltdown and not about to turn around anytime soon.
The approval is only the beginning what next? Do you fully prove up Kallak? I doubt we would find a partner until we have a DFS in place which normally takes 12 months plus, and we know how quick the Swedes approve things. All this requires finance. Now we know Mr Budge is conserving funds, it’s my guess that he is waiting for a rise in the SP after approval to raise finance.
I have a considerable amount tied up in BEM and we are all waiting and will be trying to reduce our exposure here on any rise.
This is only my opinion, but if anyone wants to be here to the end we have another four years to wait. I hope i’m wrong but what do I know. GLA
And it is only a guess, is that we might see 9-10 p by the end of the year for me if approvals come through. For much of the last three years it ran around that level. Until this crazy problem about reindeer surfaced we were potentially 70 p or more if the iron ore prices had held firm.The world drop in value makes anything else a wilder guess than mine but it could pick up from 2016 if the world economy improves as BEM move into production with a partner.Fingers,legs and any other appendages crossed BTW.
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