I am hoping EPM succeeds, but I think it needs a sceptical eye.
Search the words "G B Associates Ivigtut Annual Report 2013"
That report shows that after the cryolite ran out in 1987, three other mining companies did field research at the mine that EPM is now proposing to buy. They walked away. There are many reasons why a mining company might walk away - including lack of funds needed to go ahead. But one reason could be that they decided further mining was not feasible or profitable. After all, the remaining cryolite and the quartz are deep down, as the report shows.
So I can understand why nro is probing.
EPM Price at posting:
2.6¢ Sentiment: None Disclosure: Held
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