Wake up, GGG fantasy is dead & buried, MtP supplying 60tpa relatively clean 60% TREO con to the Dragon & the world's largest mineral sands miner, now supplying 40ktpa 20% monazite, will upgrad H1 '22 to a clean 90% monazite, equivalent 60% TREO with a similar distribution MtW.
And that's just the tip of the monazite iceberg, plenty more to come from Australia & Indonesia particularly.
Far more cost effective RE resources will now respond to the sustained demand increase, without the huge enviro gamble that GGG presented.
All over Red Rover, bigger fool pretending otherwise, a "resource" extrapolated off uranium drill results was always highly likely to end this way, and that reality has been staring punters in the face for years, pointed at it a number of times here.
BTW, RE companies suing sovereigns doesn't have a good track record, suggest punters get on to Mair and tell him to find something more constructive for the $30M COH, or give it back, this junket gone on too long.
In a company newsletter, managing director John Mair said GML had spent “14 years and several hundred million Danish krone developing a world-class mining project” that had been assessed as “within the framework of Greenland’s extremely restrictive Minerals Act,” and expected the sequence of mining approval processes laid down in the legislation to be followed.
At the company’s annual general meeting (AGM) in Perth, Australia, on May 26, Mair suggested that international NGOs and local media were responsible for politicizing uranium and turning public opinion against the mine in Greenland. He told shareholders the company would “engage” the new government “to understand what the specific issue points are, from their perspective.”
Criticism close to home
But at the AGM, dissident shareholder Greg Barnes, an Australian geologist who originally sold the Kvanefjeld exploration license to the company, accused Greenland Minerals of a “dreadful” standard of work and of “ruining” the project by “pushing things through the politics.”
Barnes, who owns Tanbreez Mining Greenland A/S, a company that has already been granted an exploitation license for another huge rare earths mine near Kvanefjeld, can be heard in a recording of the meeting expressing “disbelief” at the “poor standard” of GML’s environmental impact assessment and telling directors the company was deeply unpopular in its host country.
“Mate, you stink in Greenland,” he said to Mair. “Your advertising campaign in the election probably did more to get IA elected than anybody else.”
https://news.mongabay.com/2021/07/r...er-signals-intention-to-play-on-in-greenland/
