As I mentioned a while ago, GGG is having many issues and problems with their only ONE project in the whole company but they do have a bit of cash in the bank, just below $30M I believe, the way things are going in Greenland, they need to find another project at least to keep the mining business going and what better target than EPM?
EPM got world class deposits potential which GGG can work on or farm in to satisfy their uranium agreement with the CCP.
EPM multi billions dollar near term production pit which will give GGG faster production opportunity in Greenland
EPM REE potential based on what announced so far and 6 cores data are on their way to Perth lab, EPM might be the one that will offer them massive REE production they couldn't get going from Kvanefjld.
Best all of all they can use the above EPM potentials to justify for future capital raising as at the moment once their cash ran out, there is no project for investors or shareholders to invest with GGG further.
Meanwhile they can put Kvanefjld on hold and wait for government changed sometime in the future, if there will be changed as they been anti uranium for many decades and not just recently.
EPM Price at posting:
3.9¢ Sentiment: Buy Disclosure: Held
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