"At present, there are six exploitation licences in Greenland: a gold mine in south Greenland, an iron ore deposit, a gemstone deposit, a lead and zinc mine and an anorthosite mine in west Greenland, and a lead and zinc mine in northern Greenland"The notion that PGM with a market cap of $16m is going to create a gold mine in Greenland, a project which has never been done before is a fantasy. I am not sure what exactly it is PGM has for sale in Greenland but they should dispose of it for whatever fair value there is.
PGM Chart, page-68
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