This is huge - Union support in Greenland for the project, page-20

Your probably right would probably spike to 50 cents, below feels pretty bearish imo from euroz. (was released on the 17th Feb; so they had the benefit of this analyst post-decline in price). Base Scenario feels like they were expecting public consultation and permitting process to run through a couple more years in the wilderness (+cash burn, dilution), thus only 20 cents.
Haven't seen any other research to compare with thus far, so take this with a grain of salt; a very fluid situation.

Our Market Sensitivity
Valuation - $0.24/sh
Price Target - $0.20/sh

Bull Scenario - $0.50/sh
GGG successfully attracts investment capital
to develop a fully permited Kvanefjeld project.
Tightening RE market dynamics and continued
geopolitical/trade tensions result in LT RE prices
exceeding our basket price forecast.

Base Scenario - $0.20/sh
GGG successfully navigates the public consultation and permitting process following a favourable election outcome.

Bear Scenario - $0.10/sh
The award of the Kvanefjeld exploitation license
is delayed for the foreseeable future and Shenghe
walks away from the project.

(I'm curious if Shenghe have previously walked away from any investments; you'd think they would have already or they are the corporate version of diamond hands atm).