Greenland is open for Mining., page-24

Hi Joh, ( Post #: 58476328 )

Your concern for the viability of EPM's Greenland project is touching.
As a novice, but prolific poster (39 posts in 10 days on 5 stocks, all held) your passion is evident.

I can see that you are of a mind to sell your EPM holding, but are wavering.

Here is some info that might cool your fevered brow . . .

1. Ironbark Zinc Limited (ASX: IBG) has a project on the northern coastline of Greenland.
   Since 2016 they have held a GoG "Mining Exploitation Licence (MIN)". It expires in 2046.
   .
2. On 08/12/2021 they announced "Preliminary Approval for up to US$657m in Funding from US EXIM Bank".
   ( Post #: 58149272 )
   As you might expect from a $65M cap company, IBG were quite excited about that.
   The terms outlined in the announcement seem to have excited their investors too ( the ASX announcement scored 57 likes on HotCopper ).
   .
3. It is clear that the finance community are willing to offer mining projects in Greenland lending terms that investors find encouraging.
   
   I believe that EPM's heightened focus on their Ivittuut project is informed by that knowledge.
   .

So, rest easy my friend, be of good cheer, and enjoy Xmas . . .