Bildkälla: Stockfoto

Nordic Iron Ore: Strong iron ore market supports financing stage - Nordea

The optimisation study for Blötberget was concluded in Q4, by Whittle, which through a private placement became the third-largest owner of the company. With the current exceptionally strong iron ore market, we consider the chances of a successful first step in project financing to have improved. We maintain our long-term through-the-cycle iron ore (62% fines) price of USD ~100 per tonne, with potential project construction start during H2 2021 and with first ore potentially two years after that. We maintain our equity valuation range of SEK 4-14 per share.

The optimisation study for Blötberget was concluded in Q4, by Whittle, which through a private placement became the third-largest owner of the company. With the current exceptionally strong iron ore market, we consider the chances of a successful first step in project financing to have improved. We maintain our long-term through-the-cycle iron ore (62% fines) price of USD ~100 per tonne, with potential project construction start during H2 2021 and with first ore potentially two years after that. We maintain our equity valuation range of SEK 4-14 per share.
Börsvärldens nyhetsbrev
ANNONSER