The GoG may well allow EPM to restart the mine, but getting an...

The GoG may well allow EPM to restart the mine, but getting an exploitation licence is likely to take some time.

Waiting to get an exploitation licence is like watching hundred of coats of paint dry. The authorities have been slow and the locals have objections that need to be taken into account.

https://sermitsiaq.ag/bekymring-tanbreez-projektet

We know of the holdups that GGG is facing after many years of delay, but now their EIA has been approved and is out for public hearings. It has still to get its exploitation licence - heaven knows when.

Poor Tanbreez had its EIA considered way back in 2013, but got its application for an exploitation licence rejected in 2015. After submitting a new EIA, it finally got its exploitation licence in August last year – and even that was conditional on Tanbreez submitting further information.

https://naalakkersuisut.gl/~/media/Nanoq/Files/Hearings/2013/Tanbreez/Documents/EIA%20MainRepor%20Eng.pdf

https://govmin.gl/2020/03/progress-on-two-rare-earth-projects-in-south-greenland/

The point of all this is to show that EPM would have to be a Formula 1 racing car to acquire a near term exploitation licence.

And another point. Has EPM the resources to withstand a wait? Tanbreez has already spent $50 million to get where it is.

http://tanbreez.com/en/project-overview/key-project-features/

So I see EPM as a long term gamble. Worth a punt, but I certainly don’t expect near term riches.