Valuation lifted for Sula project

Buccaneering Frank Timis’s African Minerals (AMI) may have put its 12.8 billion-tonne flagship Tonkolili iron ore project in Sierra Leone on care and maintenance and had its shares suspended at a small fraction of their float price as the company pursues urgent negotiations about its financial future. But Sula Iron & Gold (SULA), with a somewhat more modest West African iron ore project next door to Tonkolili at Ferensola, is taking a determinedly upbeat view of its own prospects, in the wake of a 50% increase in Ferensola’s technical value in 12 months to $56 million (£37 million), accorded by ubiquitous consultancy group SRK.

Sula Iron (#SULA) new valuation on Ferensola project. So what?

Sula Iron and Gold Update – JORC Expectations Exceeded

Further to my recent buy call at 1.8p here based on anticipation of Sula Iron and Gold’s (SULA) long awaited Maiden Resource Estimates for Magnetite and Direct shipping, which was released yesterday.

Reinvention for Sula

As iron ore struggles to find friends following a 50% price slump to less than $70 a tonne, amid the collapse of London Mining and the finance crunch at African Minerals, and gold languishes unloved at $1,189.69c an ounce, Sula Iron Ore & Gold (SULA) is determinedly seeking to shift its focus and how it is perceived. Based in London and quoted on AIM, the West Africa-concentrated company, whose primary asset is the Ferensola project in northern Sierra Leone, a state in the front-line for ebola, has raised nearly £1.2 million to explore and develop what it regards as promising prospects there for niobium and tantalum.

Buy Sula Iron and Gold

11 months ago, shares in Sula Iron and Gold (SULA) went on a run from 1.3p to 7.75p, an increase of nearly 500%, due to excitement about the potential iron and gold resources at its Ferensola licence in Sierra Leone. Since then, cash has been raised and drilling taking place in order to establish two JORC compliant resources.

Sula cheer on iron and gold

Bears fret about a potential global oversupply of iron ore and a weakening of China’s demand for the stuff as the People’s Republic’s economy slows. However, Nick Warrell, chief executive officer of Sula Iron & Gold (SULA), determinedly exudes cheerful confidence as the company works to establish a formal resource estimate for its Ferensola iron project in the mineral-rich West African state of Sierra Leone.

Sula Iron & Gold – bank some of your 282% gains made in 29 days

29 days ago I tipped Sula Iron & Gold (SULA) as a buy at 1.8p (HERE) and whilst I agree with some of the ShareProphets newest writing supremo Robert Tyerman in his piece HERE, I also believe in sensible money management. 

Valuation hope for Sula

Potentially Sula Iron & Gold (SULA) could provide a rewarding medium-term punt at 5.4p

Sula Iron Ore & Gold: Bull Flag Consolidation Ahead Of Fresh Upside

Early last week I received an email communication from enthusiastic young blogger, Doc Holiday, regarding his recent and apparently very successful coverage regarding Sula Iron Ore & Gold (SULA).

Buy Sula Iron & Gold at 1.8p

Sula Iron & Gold (SULA) came to AIM at 6p back in 2012  and like the rest of its peers it has seen its share price tank ever since. But I reckon that now is a time to buy – there are a few clear reasons to consider investing in a small Iron & Gold miner in Sierra Leon.