PGM market cap = 18 millJORC resource Golden CORE only at...

PGM market cap = 18 mill

JORC resource Golden CORE only at Skaergaard = 6 mill ozs

IGV resource value = AUD 3 bucks an OUNCE

Scoping study based "doable" mining was very positive at POG 950 ... POG now 1200 so FS should give a strong "go" ... just gotta do the work.

PGM expect to define a higher grade core within the core next drill program ....... 2 mill ozs @ 4 g/t maybe ???

New ent issue is near current sp and adds CASH so EV not affected. That cash should be enough for now and we get first crack at it ... bravo boyz. Looks like we are in this together.

But thats for the GOLD only at the CORE target.

What about the 40 mill ozs Palladium ?

Anybody watching Palladium / Platinum prices lately.

And this is for Skaergaard only.

What about the NEW ground ???

Needless to say am making portfolio re-arrangements to take up my entitlement plus ask for more.

Strategically clever the way this is being done.

Note also the short date of the oppies ...... early 2011. Implies big expectations in 2010 ???

IMO the aim is to JORC define enough reserves / resources to attract a 500 - 1,000 mill buck bid for the gold from a major seeking new ozs ... and there are plenty of them around atm.

IMO the TIMING for our wealth creation could not have been better planned.

When the market finally realises how the stars are aligning quickly, reckon this will explode onto the global radar and available stock on market will be only in small bits.

Reckon this is our last chance to set up for the golden gifts ahead.

I base my expectation on "only" the 6 mill ozs golden core
at Skaergaard (what an "only" to have hey) and remain curious as to what else will emerge along the way.

Hence IMO PGM represents the cheapest entry to extremist leverage to POG we will ever find again in our lifetimes.

Peer group average EV for FS stage is about 80 bucks an ounce.

For PGM to be revalued to peer group average sp would need be be about 5 bucks on F/D basis golden core only.

I expect to see these prices in mid term as the gold boom evolves cos I really dont think the market is stupid.

However, cos I reckon the gold boom is gonna evolve significantly further over the next couple of years AND that PGM's kitty will be upgraded beyond the 6 mill ozs golden core, then I would consider that sp target to ultimately prove conservative.

Imagine Palladium hitting its recent primary "A" wave high of USD 600 / oz ....... spot is now about 387 last I checked and running hot in what looks a primary "C" early days.

Given Skaergaard also hosts the world's # 1 undeveloped primary resource of Palladium, doesnt take much imagination on my part as to WHY Panthera Palladium are currently sitting at 20% on our register.

Greenland is fast gaining recognition as the next major sovereign-risk-free virgin frontier for the big plays.

2010 - 2011 should be a very exciting and rewarding period for us.

IMBOOC