"deposit is confirmed to be as big as its made out to be, has...

"deposit is confirmed to be as big as its made out to be, has lots of RE, U allowed to be mined in Greenland, U prices start to recover, futher regional discoveries"


what i was saying is that if the above list of events happens than the sp may br re-rated to considerably greater than $2 per share. To clarify, U MAY be allowed to be mined in Greenland as a byproduct due to a legal loophole but there are no guarantees. An application to extract U as a byproduct can be made after feasibility study. But, the U ban is currently being reviewed and a decision is expected 1st half 08. This may be delayed due to dispute between Greenland and Denmark over mineral rights as they transfer power to Greenland.From memory Denmark wants to retain 50% interest in minerals excluding oil & gas which Greenland isnt accepting. 50-50 was the agreement in the past when Denmark had power.