re: daytrades september 10 afternoon, page-21

re: daytrades september 10 afternoon RMR - 60km from GGG, a good comparison is RMR vs GBE. Plus upsize in REEs

This was what i posted on the GGG thread:


LYC: $1.23

1.66bln shares = $2bln market cap
REEs: 1.416mlt@US50/kg = USD$70bln of REEs.

GGG: 63 cents.
250mln shares = $$158mln MC
Diluted: 389mln shares (139mln Oppies included) = $245mln
REEs: 4.9mlt@US50/kg = USD$245bln of REEs.


Greenland's population is 80,000 people i think, this equate to $3mln of REEs per person. Country of millionaire IMHO.

The value of REEs in Greenland is too economical for its people and the future wealth of the nation.