IBG SP / VALUATION THOUGHTS, page-274

I agree totally. Going back quite a few years ago, almost a decade(NFC) China Nonferrous had a non binding MOU with Ironbark to finance and engineer the mine processing plant. That never materialised for whatever reason. The geopolitical interest that the US has in Greenland is probably more important at this time, as both the Russians and the Chinese are very keen to take control of the Arctic and North Sea once the sea ice melts. There has also been some backlash over heavy Chinese investment in Greenlandic infrastructure. The Danes are still part of the European Union and to some extent feed Greenland welfare money, and since they are allied with the US, This is why I feel the US are IBG’s best bet.