Ricky - I have been pretty keen on GGG in the past. I still like GGG as a long term prospect and will be re-entering when I get my SMSF up and running. Not particularly fussed about entry point until my funds become accessable.
I see the downside as market conditions and sentiment, years away from production, massive cap raisings required to get it into production, still government risk.
I see the upside as the sheer size of the resource is huge, benefits to Greenland's economy is massive to negate govt risk (better than fishing!), the Rare Earth story (either you believe it or you dont). I also believe its geographical location will be crucial in the future to supply the european market to re-ignite their flagging manufacturing sector.
GGG Price at posting:
54.5¢ Sentiment: Hold Disclosure: Not Held
