Baffinland Iron Mines $0.15 – Toronto symbol BIM

BAFFINLAND IRON MINES $0.15 (Toronto symbol BIM; SI Rating: Start-up) (416-364-8820; www.baffinland.com; Shares outstanding: 233.1 million; Market cap: $35.0 million) is now looking for a major partner for its Mary River iron ore project on Baffin Island. Baffinland still hopes to start building an open-pit mine in 2010, with completion scheduled for 2014. It then aims to produce 18 million tonnes of ore per year for over 21 years. The company recently raised $21 million in a share issue. Baffinland is a buy for highly aggressive investors.

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