something is a cooking?, page-7

Emsonder,

To clarify.

GGG does have a huge REE resource in Greenland. However, it does not plan to mine before 2015. And that assumes Greenland government does give timely approval. What if that approval does not eventuate for 2-3 years? This is what makes me cautious.

Lynas on the other hand will produce in 2011, and importantly, will be value-adding by processing REE ore into customer-required REE oxides.

Hence, I expect LYC SP to head far north in 2011, but not GGG. IMO GGG may have to wait a little.

PS, I am intending to buy some GGG as insurance. I am not stupid.