Greenland will need to have the fieldwork commence before October; you can drill in snow but its a matter of slowing down the programme.
I lost what I was typing before, but basically each "strategic project application" has to have a country sponsor.
EPM it would be either Greenland/Denmark (Germany had been poking around Greenland last year, articles mentioned they will deploy into critical mineral project using their KfW Development Bank)
Mkango would be Poland
Euro Sun Mining would be Romania
Sweden is pushing their own projects.
Now if you consider the SWF from each respective sponsor (from the vertical integration - which relies heavily on the EIA and SIA) then we are certainly one of the best chances of some meaningful support.
NT will need to be commenced before October and completed before November (the start of the wet season).
Whatever the structure of the deal - the valuation be in USD, and the since the original announcement back in 29/11/2021 there is a modest improvement in the currency ~6% (weakening AUD). However the term price change is the most significant being $43.00lb (Nov term price) vs $80.50lb (Aug term price), the valuation would surely have increased. I think punters fail to understand the scheme of arrangement would have absolutely no reference to EPM's share price.
