Interesting. Seems the most advanced of Blue Jay's four Greenland projects is Ilmenite sands at Dundas. They have a pre-feasability study, so not as far advanced as Citronen, and unsure of their approvals situation. Note they were awarded Explorer of the Year in 2017 by Greenland authorities.
Dundas has a much lower capex requirement than Citronen, and the projected profits are $US153 mill vs our $US1,000 mill, prior to the pending update. That they've got EXIM interest already is a feather in their cap.
I'm hopeful Blinken will be looking to secure EXIM involvement in both projects.
Interesting. Seems the most advanced of Blue Jay's four...
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