Ann: Trading Halt, page-10

Rimbal acquired the project back in circa 2012; JV with NAMA.

This is the nitemare fuel - flyer that probably enticed the "full" Syndicate to the Ivigtut project.
https://jvcapital.co.uk/wp-content/uploads/2016/06/IvigtutGreenland-1.pdf

https://grapevine.is/news/2018/09/10/silicon-folly-the-failure-of-the-latest-industrial-trend/
This link above is likely the inception the remaining syndicate - we know as Cerium.

Basically NAMA was ready to get the Ivigtut Pit de-watered for their attempt of EIA requirements.
But due to the collapse of the United Silicon (the in theory the off-taker) the project was dead in the water.
It's plausible there was a minor stake or may be a major stake with United Silicon - but the General Manager of the plant embezzled funds, and ordered below specification parts from Chinese Supplier and not European Supplier, and the plant had previously had fires as a result of overheating.

Cerium - the coalition of the willing - were attempting to IPO the project, but hit an unfortunate snag that being, the project is of historical significance, and Greenland Government would only transfer the project to company with mining experience / geologists etc.

Rimbal was very busy with Kvanefjeld/Tanbreez (some argie bargie in between).

Jan 2021 EPM came in to finalise the transfer deal - which would otherwise would have been lost. Neither on favourable terms - but acceptable, and somewhat restrictive with milestones.

We have not seen a peep from Cerium - they are by all means diamond hands the entire time, have no yet bothered to exercise out-of-the money options or whilst they were in the money. Some say if you go to the EPM AGM, you can pack away their allocation of un-touched pastries and generous fruit bowl.

Rimbal - were only interested strangely to the industrial prospects of the Ivigtut pit. This ignores the Gronnedal deposit; literally a mountain of REE a carbonatite body and 1km depth (500m sea level) carbonite plug), and adjacent Ivigitut - bunker breccia funnel, and also the lower Ivigtut pit niobium (under the quartz body).; essentially 3 world class - unique prospects.

TIMA analysis - is likely completed for Gronnedal (hence the Trading Halt and pending resource upgrade), and there should in theory be work being undertaken to Ivigtut pits cores / and possible the Ivigtut bunker breccia.

Boss Energy for some strange reason took a long time to execute the deal with EPM - it's pure play stance in my opinion stopped it from acquiring EPM and taking a transformative route like Energy Fuel (UUUU) route of Uranium + REE, or Bannerman Energy (BMN) route of Uranium + REE (major share holder). However this is significant as Boss Energy has a significant US interests; and as it turns out is practically the only ASX producer with a strong balance sheet. Paladin is so debt ridden they still have to contend with the entire broker network suing them for continuous disclosure failures. Peninsula Energy is in a similarly terrible health with substantial contract breaches and thus liquid damages.

At this very minute Gronnedal > Tanbreez > Kvanefjeld.
The simplicity of dealing with carbonatite body cannot be overstated.
US have too known lobby groups representing Tanbreez and Kvanefjeld respectively; they both are unable to get the USGS on side as far as announcements and ASX queries go.

Gronnedal/Ivigtut have taken the EU CRMA & Minerals Security Partnership - so this has required high-quality mineralogical data, transparency, and independent validation to attempt to meet USGS requirements and EU standards. The TIMA analysis assists the counter parties to de-risk the project,

If you refer back to the US senate meeting on Greenland - Anthony Marchese summed it up best - the only way Greenland projects will receive assistance is if they are de-risked to ensure the US investors (institutional) are investing in projects where the minerals are there. Proof of existence.

We need the TIMA analysis to determine how high the re-rate will be in terms of theoretical share price range.
An exceptional results will scale the share price very high, and lift up other handicap multipliers to improve the valuation.
EU CRMA will assist in de-risking also and just improve handicap multipliers to bring them in favour.

As an example of a delusional scenario at time of writing we are still magic beans; but should we re-rate say 10x off the back of the resource upgrade, I'm of the view the TIMA analysis is a crystal ball for 10x afterwards; the laziest 10x etc, due to effective de-risking once it is understood by the market.

This is the gest, get your affairs in order - because the next ride will make you sick with regret lol (should have bought more, mental illness is real).

You can spend your returns on therapists.