Hello there,
I've gotten more and more into the stockmarket (Swedish, Balkan and the US market specifically) and I have a question about mining companies.
The company in question is Beowulf mining. Currently a stock is worth 0,62SEK (Which is equal to 0.071 USD or 0.060 euro for reference)
Now Beowulf is currently mainly prospecting but they own the rights to a potential iron mine in Sweden (In Kallak.) Currently the project is on hold and is awaiting a decision from the Swedish government. The reason why it's on hold is because it's threatening the lifestock of the Sami people. However depending on how the Swedish election goes in September the decision could come relatively soon.
And from what I've read and heard the govornment is fairly positive (all though not much information from the representatives have come out yet)
If it would go through and they got the permit to open the mine are there any trends that seem to happen with other companies opening a mine? Beowulf themselves claim that it's a steady increase of the stock going forward but is there any good place where I can look up how other iron mines have grown from the opening of the mine to after say 3-5 years?
Edit: I ended my last sentence a bit too early and forgot to add Euro after the 0.060. Fixed now
Submitted July 08, 2018 at 03:19AM by Anvilhoof https://ift.tt/2MZEng9
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