The key word here is collaboration - GML and Shenghe are selling the Kvanefjeld project as a significant global asset offering a secure supply of REE for the long term. It presents itself as a win-win scenario for all concerned and could be another BHP IN THE MAKING!
"Shenghe addressed the Confederation of Danish Industry’s annual Greenland Conference on December 4th and provided insights into the outlook for the rare earth market, the significance of Kvanefjeld as an important potential new international rare earth supplier, and Shenghe and GML’s joint objective of integrating and collaborating with European industry. Shenghe’s presentation was made by Mr Hu Zesong and Mr Guo Xiaolei and is available on GML’s company website."
IMO, this will be unlike any other REE project once it is fully exploited - just sit back and wait for the story to unfold now that we are on the home straight of proceedings to get this thing up and running!
Once the ML and associated issues are sorted, it should be clear sailing for the Financing, Infrastructure etc, to proceed in an orderly fashion and production starting 2021/2022 - see how we go!
In Vino Veritas - Cheers! .
GGG Price at posting:
12.5¢ Sentiment: Hold Disclosure: Held
