this is insane. its trading at 0.17% of its total IGV on greenland alone wtf? and to make things even better its GOLD and we know what a massive bull that is. i only found out about this stock recently tho so i got a few questions (particularly to olympus - lol). i tried to ring the company but the director was overseas? anyway just remember i have NFI as i am a new comer (cant believe i didnt see this stock earlier!):
1) is it true that they will be able to do an open pit to mine 6 million ounces of gold? (which is around 15% of the total ore body). if so, when will this be happening? i know drilling is scheduled for beginning of 08, so i would assume its after this happens.
2) total capex to develop the entire ore body is like $1billion AUD.... wtf? i know its worth it but we are going to need a major take pgm over for it to get off the ground...
3) is climate a problem? apparently parts of greenland are melting anyway... (some crazy climate change talk).
i will think of more stuff, but we seriously need to spread the word over the weekend! this thing is HUUUUUUUUUUUUUUUGE.
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