You need to get hold of the old research on Skaergaard done around 2004 - 05 when Galahad controlled it. Try the Galahad Gold website, or google.
It seems to me that PGM is undervalued based on the perception that it will be difficult to mine in Greenland due to the climate.
To set up an operation there will probably cost US$800m+. Once the market sees the numbers spelled out, it should be great for the share price.
And once management put together a study of the project economics, due around the end of this year, with the rise in the gold price that is inevitably coming you would have to expect a substantial rerating.
Look at Skaergaard as a call option on the price of precious metals, I suspect Skaergaard is already "in the money" but the market's doubts will be eased if gold cracks $1000 I'm sure!
And that's not to mention all the other projects that are on the books.
PGM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
