ETM 0.00% 2.1¢ energy transition minerals ltd

this is going to be like herding cats, page-10

  1. 147 Posts.
    Ok, I just joined the 258-Investors Club, so let the show commence.!.

    And why so.?. Well..
    1. The zero tolerance will not be abolished, but the bar will be raised to 1,000ppm. This means that the Greenland government could just vote on to raise the limit, and do not need new legislation to do so. This could be done within months.

    2. The Independent Review of Uranium will show there is no risk in mining ore with a Uranium content of up-to 1000ppm. You will know that, when you look at how the Canadian's are mining ore with a 10 x higher content, and see how few safety requirements they have on site's. And there mines are among the safest in the world.!.

    3. The danish risk is not really a risk for GGG. The main concern is the Grand Scale Law, where thousands of Chinese could be flooding Greenland. GGG will not need thousand of workers to set op the mine, and could apply for allowance to let a few hundreds come in on a temporal basic after the present system.

    4. The proposed change in taxation from company tax to royalty is only fair - especially from a Greenlandic point of view - and has been welcomed by GGG. Even if new legislation is not made within a short time frame, they could still build this in to a new contract with GGG.

    5. For the export of Uranium, the danish politicians will allow this, as soon as they get application to do so from the Greenlandic government. Of course there will be terms to fulfill and new legislation to be made, but that will not take years, but be done in a fairly short time. The danish government will still be in charge on the export issue, and will guaranties that this follows all international rules on the "non-spreading-treaty.

    (Remember Greenland have a self govern treaty with Denmark, so IF the danish government really was to refuse mining and export of uranium, Greenland will be looking to Denmark for a full compensation of the lost revenue.)

    6. I'm sure that GGG all ready have a advanced plans on who and how to cooperate with investors, to get this going. I don't think finance will be an issue. We might see a sell-of of 20 -49% of the company to secure this, but still - we will all be highly rewarded.

    It will all take some time, but as I see this, the project is almost de-risked. Of course only time can tell, and the world marked situation could change everything, but from my point of view this is - by far - the best potential for high returns in the marked.

    All above is of course just my opinion, and you should - as always - do your own DD.

 
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