I have been looking at gold miners with the intention of investing. The statement in the annual report that one of Skaergaards advantages is its location near to cheap green power in Iceland puzzles me. Would they cable from Iceland to Skaegaard to supply the mine or freight ore to be processed in Iceland ? Would this have significant economic benefit. Or does the proximity to an existing geothermal source increase the likelyhood of finding a source around Skaergaard. I think energy will get dearer in future and it is a major mining expense.
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