Thoughts on...., page-6

Hi djr67,

Thank you for your input and calculations. I do want to make one amendment and no offence intended, if NPVis $800m assuming we have 1 Billion shares on issue (=80c per share), we do not divide the share price by 2 as only 500M shares are on issue, we actually TIMES it by two as the shares are worth twice as much rather than if they were diluted to 1 billion shares.

This in theory means that the overall calculations can be doubled in this analogy, which is a rather good breakdown for simplicity of reference to where we should be come ML approval.

I do believe that the 30 - 40 cent range is where the market will gauge our project as being valued at at come ML approval, which does seem to be a fair assumption comparing historical ML comparisons.

keep the updates flowing, I look forward to the trading halt which we all know is coming. According to the Powerpoint presented from the Greenland Government to the Danish Government approximately 2-3 months ago the mining licence is ready for approval by the end of the Autumn sitting of Parliament. I do not have time ATM to dig up the link to this Powerpoint but it was in IBG Hot Copper posts within the last 2-3 months. Quite a good read and will get the reader excited to purchase more shares, remembering that this was presented to the Danish Parliament. If you find it, its in Danish so Google translate works. If anyone finds it, please repost as I think new readers would appreciate the importance of this presentation.

Wanderdog