company presentation, page-9

Certainly have quantity....but how about grade?

had a quick look at presso....not startling to me.

back of envelope calcs= roughly 1lb U308 + 1kg of REO per ton.

Rock value = $50 (U308) + $10= (REO)
Total $60= a ton.
Equiv to 1.5 gram gold per ton.

Given that the REO grade is about 1/10th of Lynas, and that there are complicated issues in REO/U308 deposits (look at ARU's history) and that the deposit is in remote location...(is U mining allowed in Greenland??...presso mentioned something about 1950's anti-U) first impressions were that this could be a massive, but non-viable project.

Why are holders so excited, apart from spec hype?

Enlighten me...