esmonder,
GGG has a massive resource. However, it will not be mined before 2015 at the earliest.
In the meantime, LYC will produce in 2011, Arafura and Alkane in 2013.
In that contect, I see LYC as grossly undervalued, but this will be corrected later this year once production starts. Remember it is the first REE mine to go to production outside of China.
IMHO, GGG is not undervalued and may be overvalued. For that reason, I would prefer to wait until 2013-2014, or closer to production. The Greenland government remains a risk factor and when they will allow mining which involves mining of radioactive elements. By 2013-2014, we should have a clearer picture.
That is why I hesitate with GGG, although I have taken a position in RAM Resources (RMR) which does have lots of upside.
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