...and early! Been posting from 5am. Why sleep when you can make money right?
I invite anyone to confirm the above to see it for themselves. There are 17 rare earths and only a handful support the green revolution via magnet metals eg neodymium, praseodymium, dysprosium and in concerningly short supply.
If you check the headlines Biden has announced his intention eg
Tuesday’s report, for example, noted that US is heavily dependent on imports of neodymium magnets, a key rare earth element used in computer hard disks and electric motors.The Commerce Department is considering initiating a Section 232 investigation into the national security impact of neodymium magnet imports used in motors and other industrial applications, which the US largely sources from China.https://www.scmp.com/economy/china-economy/article/3136499/us-china-relations-biden-administration-sets-strike-force-go
and hes going to Europe to discuss this.
Biden seeks to unite allies on China President Biden will try to unite allies behind a common approach to addressing a rising China when he travels to Europe on his first overseas trip as commander in chief.The White House on Tuesday directed the Commerce Department to consider possible tariffs on neodymium magnets, of which China is a leading manufacturer.https://thehill.com/homenews/administration/557544-biden-seeks-to-unite-allies-on-china
Eclipse seems to believe
"The Ivittuut project continues to show the hallmarks of containing world-class mineral deposits.
These REE results show high europium values amongst other REE"Over and over in its report it states this potential but ONLY Eu is mentioned "among other REEs" over and over in it..
So what are the other REEs?
Are they valuable ones or in oversupply?
Worth hundreds of dollars per kilo or a few dollars?
Theres no mention of anything look for yourself in their latest report.
You have to admit this is a glaring obvious absent information
https://www.**promotion blocked**.au/tickers/asx-epm/announcements/2021-03-02/6a1022709/strong-rare-earth-mineralisation-at-gronnedal-ika-area/What concerns me is this tenement has for decades been held by one who has as I understand being conducting considerable drilling and exploratory work in Greenland for REEs in particular. Would Gronnedal-lka also be explored you think?
Where are all these drilling results?
Why is there only reports from back at its closure in 1972 being found?
Youd think there would be ample reports available or even supply if of worth exported with other REE producers in Greenland also owned. But instead the project offers promise for REEs but only has 1 out of 17 REEs worthy of mentioning?
I would like to see more supportive evidence published to the market and not kept hidden in an office somewhere.
Publish the reports!
Ok thats enough of REEs. It seems obvious to me that in my opinion theres no suitable basket price to suggest this project could become an actual REE mine without being more up front with exactly what was fond in those samples and weather the REEs are actually of any worth.
I suspect it may be a lot of CE and La and therefore wasting investors time if they arent even viable. Im actually a bit disappointed because in the REE game I havent found this too often. Hopefully the company can supply more information in time to help understand what they have or havent got. Until then Im done and left with this glaring concern that seems to be unabled to be answered even when asking those who should know.
.So Ill move on to other avenue streams for the project perhaps.
