Ann: Quarterly Activities Report, page-19

The USA is considering a change in the federal law that prohibits exporting USA oil in order to dramatically drop the global price of oil and cripple Putin and the Middle East (funding of ISIS).

If this happens, or if the markets THINK it MAY happen, the price of oil will drop below the efficient exploration cost and all new projects will be cancelled/put on indefinite hold.

For the foreseeable future, oil is not a source of revenue for Greenland. Minerals, even those tainted with the evil Uranium and Thorium, are the only hope to grow the economy and potentially off-set the Danish subsidies (>USD$ 10,000 per person/year).

And, if the Greenlanders change their democratic minds on uranium extraction, say "Good-Bye" to any international investment for years to come (unless it is the Communist Chinese -- try and visualize all signage replaced with triple language signs: Greenlandic, Danish and Mandarin).