I previously commented on fully-listed Anglesey Mining (LSE: AYM) late last month – concluding that the shares, at just over 7p, were not for the risk-averse, but that the upside potential was sufficient for me to rate them a ‘speculative buy’. They had previously soared from the 11.75p at which I recommended them in October 2009 on t1ps – the website I founded in 2000 and edited until leaving this September to set up the Nifty Fifty offering – but fell all of the way back to sub 7p as the company’s current key value driver, Canada-listed Labrador Iron Mines, was heavily impacted by very significant falls in the iron ore price. Now with an 8.5p share price and following news today that Labrador has, in 2012, successfully completed its largest ever exploration programme, the following takes a renewed look at the Anglesey Mining investment proposition…
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