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support for mining projects in greenland

  1. FiendishRedbeard
    9,111 Posts.
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    06/03/08
    11:23
    Post #: 3435124
    I posted on this i while back the growing number of mining and oil and gas companies producing or exploring in and around Greenland. This perhaps is a sticking point for some aus investors regarding the SK project PGM are running with.

    This release today from Ironbark relating to Glencore (the brain behind Xstrata) taking 19.8% of the comany for exposure towards their PFS on the Citronen Zinc project in Greenland.

    http://asx.com.au/asx/statistics/announcementSearch.do?method=searchByCode&issuerCode=ibg&timeFrameSearchType=D&releasedDuringCode=6

    Not in any way suggesting that Glencore would be interested in SK but does point to clear support for the IBG project in Greenland by a very astute major.

    DYOR
    PGM Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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