Broker R B Milestone Group has published a report on 14 September 2010 concluding that:
"We have valued the Company [GGG] based on present value of future cash flows from its projects starting 2016 and a mine life of about 22 years . With a discount rate of 14.8% pa, we arrive at a fair value of $A2.36 [per share]."
This is a very detailed and serious 21 page report on Greenland and the efforts to date of Greenland Minerals and Energy GGG to be producing rare earth minerals. A recommended read. Conix
GGG Price at posting:
98.0¢ Sentiment: Buy Disclosure: Held
