Current resources before we get the updated which are going to be huge is that the uranium alone is bigger than paladins langer heinrich deposit and uranium is only 30% of the value of their total resource.
Soebody asked about the directors escrowing their stock, my information is tha they have voluntarily escrowed their own stock for a further 2 years. The top 20 own 82% of all stock.
The co is looking at dual listing in either London or Toronto, and the company has been in extensive conversations with leading brokers on both sides of the Atlantic.
Total values is approx currently 40 bill aus and only 10% of host rocks have been drilled. Once again this value doesnt include the results we are awaiting.
Greenland Minerals and Energy owns one of the world’s top-5 uranium deposits and the present U3O8 Inferred resource represents a value of less than US$ 1.00 per pound, compared with average resource valuations in the uranium sector between US$ 5 to US$ 10 per pound U3O8. While Greenland Minerals has the potential to emerge to a multi-billion dollar uranium company alone, the financial world has not recognised the Company’s huge potential as one of the world’s leading rare earth companies yet. Compared with the in ground value of the present uranium resource of approximately US$ 12 billion, rare metals and sodium fluoride represent an in ground value of more than US$ 20 billion. With the extensive exploration program having recently been completed, which included 19,300 metres of core drilling, significant resource upgrades are anticipated in 2009.
GGG Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held
