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SENASTE
The optimisation study for Blötberget has finally been concluded and has resulted in an upgrade of the financial outcome for this asset. With regards to project financing, we expect the company to now start these discussions, with a potential construction start during H2 2021 and with first ore potentially two years further out. Due to the improved financial outlook for Blötberget, we raise our equity valuation to SEK 4-14 (3-12) per share. Marketing material commissioned by Nordic Iron Ore.
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