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Dull, another failed comparison. Tanbreez has no radio active...

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Jack5588

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23/10/19

02:00

Post #: 41019641
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Originally posted by dull1122: ↑

Gafia
Despite your underling for gravitas, you are wrong. Of course the companies and the deposits can be compared, I am happy to do so for you here.

Both Tanbreez and GGG have multi element deposits that have significant REE deposits. Tanbreez has the larger REE deposit of the two.

Tanbreez has no radioactivity to speak of, GGG and Kvanefjeld has very significant radioactivity from Uranium and Thorium deposits as well as other radioactive elements.

Tanbreez has a much more cost effective and more efficient much more ecologically clean processing and refining solution than does Kvanefjeld.

Tanbreez has received an approved EIA and have received notification of their ML being issued either by the end of 2019 or early 2020,. Tanbreez total expenditures to ML approval 50 million dollars.

GGG after 12 years and 4 EIA submissions, 3 have been rejected, most current is under consideration but recently was found to have problems. ML has only been partially submitted. to date the company has spent 469,000,000 and has had no approvals toward a ML.

So there is a comparison of the 2 companies here is the summaries
GGG: 12 years, 469,000,000 spent no progress toward ML, not even an EIA after 4 attemps.

Tanbreez Eia approved after 2 years and 1 million spent, government announced ML to be granted and issued by either end 2019 or early 2020, total expenitures to ML approval 50 million

You guys always bring up Tanbreez and run it down, now you say they can't be compared? Yes they can, and it brings into stark view, the utter failure and horrifically wasteful spending by GGG management. John Maier and the board must be fired and replaced by more experienced management who actually know how to bring a mine into production. How much money must be wasted before you all see it and make the changes.

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Dull, another failed comparison. Tanbreez has no radio active ore so their EIA is much easier, yet still costed $50. you didn't mention Tanbreez is still "brainstorming" what they can do,, no wonder why they havent got their ML. Ggg knows exactly what they need seen in the 300m+ cap expenditure reduction. Go figure x2.

GGG Price at posting: 10.0¢ Sentiment: Buy Disclosure: Held
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Dull, another failed comparison. Tanbreez has no radio active...

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Dull, another failed comparison. Tanbreez has no radio active...

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