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@Ridethebull Greenland Minerals and Energy halted - http://www.proactiveinvestors.com.au/companies/news/71123/greenland-minerals-and-energy-ltd-in-agreement-with-strategic-partner-71123.html #uranium $gdlnf $ggg.ax They have about 600 Million Pounds of uranium in addition to rare earth
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@Ridethebull GREENLAND Minerals and Energy has recommended shareholders approve a bid by Chinese rare earths company Shenghe Resources http://www.miningnews.net/markets/investment/greenland-welcomes-chinese-partner/ #uranium $gdlnf $ggg.ax
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@PhotoJ Is it just me or is everything breaking out right now? Is this normal? $CIA $ADV $FNC $CDB $GGG.AX $CEM $TK $ECS $LAC $CRE $XMG $CGT $SGN $MARL $IVN $NXE $SWKS I'm sure I'm missing a bunch.
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@poor-white-trash Interesting article on $GGG.AX http://www.washingtonpost.com/sf/world/2017/02/10/greenland-needs-money-is-a-uranium-mine-the-answer/ Project overall resource inventory: 1.01 billion tonnes containing 593 million pounds U3O8, 11.14 million tonnes TREO, 2.25 Mt zinc TREO includes 0.37 Mt heavy REO, 0.84 Mt yttrium oxide.
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@Rulingmining Greenland Minerals $GGG.AX $GDLNF #uranium #zinc $NXE has a stated 202 mil pounds of uranium. I think most people in Nexgen believe there will be 400-500 mil pounds in the upcoming RE. $NXE has a $1.2 bil MC. Greenland Minerals has 593 million pounds of uranium. Their uranium however is only a by product of the #RareEarth resource of over 11 million tonnes. And there are 2.25 million tonnes of Zinc. The resources are near a town and power. There is a year round port. And an airport 35km away. Recently the URA ETF increased it's holding to 8% of $GGG.AX
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@Rulingmining http://www.proactiveinvestors.com.au/search/index/company_id:/keyword:Greenland%20minerals/area:/channel:/sector:/market:/author: $GGG.AX $GDLNF #uranium #zinc So with 593 mil pounds of uranium, Greenland Minerals has a MC of $175 Mil $NXE with an estimated 400-500 mil pounds has a current MC of $1.2 Bil (which will likely increase when it's pounds are confirmed in the next RE). And Greenland Minerals has 2.25 million tonnes of #Zinc and over 11 million tonnes of #RareEarth One would think that Greenland Minerals value could in comparison be worth several billion as opposed to the current MC of $175 Mil.
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@SASKEXPRESS @Rulingmining What's the projected mining method and potential capex cost? Also, we know roughly what a tonne of ore at Arrow is worth and it's a very large number. Any thoughts on where $GGG.AX is on that measure? I'm not arguing, I'm curious.
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@Rulingmining $GGG.AX $GDLNF #uranium #zinc $NXE I forgot to mention that Greenland Minerals estimates that the operating cost of the uranium is in the $6-7/lb range as it only a byproduct for the project.
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@Rulingmining @SASKEXPRESS $GGG.AX $GDLNF #uranium #zinc $NXE Projected financing costs are $832 Mil, 5 year payback, 43.4% IRR, Project Value of $1.59 billion. This is for the Kvanefjeld project. I believe open pit. The Kvanefjeld resource mostly outcrops and sits within 250 m of ground surface, with a low waste/ore ratio. They have a 43-101 on this project. They also have 3 other potential projects,
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@B1984 Nice I may just have to get setup for .ax trading.
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@Rulingmining @B1984 I had to call and buy though my broker. Pain in the ass, but I think it could be worth it in the long run.
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@B1984 @Mtlzoom 90 day average daily volume on Australian market is 3.3 million shares $ggg.ax
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@B1984 yeah it looks very interesting I just know nothing about rare earths so I'll do some digging hopefully I don't miss it but I've had bad luck front running my DD with trades lol
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@Lukester599 @Rulingmining - I've been wanting to pick up some $GDNLF $GGG.AX for a month or two but extremely wary of chasing it. For someone wanting to establish an initial small position and not to fussy about nickels and dimes (eye on the 3 year outlook), what do you think is a realistic entry price? Surely it makes sense to wait for a pullback? Although as you point out it's valuation is still peanuts.
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@Rulingmining @Lukester599 $GGG.AX $GDLNF $NXE #uranium #zinc I have no idea about an entry point. I am not a technician. I buy long holds. I bought it earlier in 2016 for the hell of it at $0.02 US. As you said, it has run. Here is the most recent research report I could find on it: http://www.ggg.gl/docs/research-reports/Greenland-Minerals-CPS-Initiating-Coverage-April-2016.pdf I'd say it's at about a 10th of it's possible value based on what they presently have.
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@staffpro is there a way to buy this in canada
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@mtlzoom @B1984 yep I have access to PINX what do you use to trade AX
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@mtlzoom @staffpro you can buy on PINX I am also looking for level2 for PINX
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@mtlzoom so you can buy in USD in US on PINX exchange @staffpro
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@staffpro i am with VB brokers i am not aware they have otc or pink sheets...
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@B1984 Fidelity in the US allows international trading on around 20 exchange around the world. Australian is one of them...
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@mtlzoom @B1984 good to know I'm with QT
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@mtlzoom are you in us @B1984?
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@mtlzoom thanks @B1984
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@mtlzoom @staffpro Interactive Brokers are you're best bet
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@Rulingmining Pamplona told me he also likes Scottrade
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@ocotilloredux You would want to get an understanding of the cost of processing here before investing.http://www-pub.iaea.org/iaeameetings/cn216pn/Thursday/Session10/051-Krebs.pdf Not an easy flowsheet.
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@Rulingmining http://www.ggg.gl/videogallery/pilot-plant-full-version-video/ Yes, does not look simple. Just watched a video of the pilot plant processing.
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@Rulingmining I would imagine the processing is not simple or straightforward when you have several different RareEarth minerals, Zinc, and Uranium. But they all are very large resources of each of these different ores, so you get 3 different types of revenue streams. Yes at a more complicated and higher overall cost I suspect, but offset, but reduced synergistic cost of each individual product/ore.
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@Rulingmining @Lukester599 I suspect tomorrow will be better than today to buy. The uranium spot has pulled back. This like all uranium plays is affected by the spot.
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@Rulingmining And you have to bid like now because it's traded over night unless you buy the GDLNF, but they are more thinly traded.
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@ocotilloredux @Rulingmining Watched the video. I did not hear the word uranium once.
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@Rulingmining @ocotilloredux Ditto
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@Rulingmining Bet the price still grows along with any increase in spot.
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@Rulingmining In any case I am up nearly 7x already. I basically will forget about it and see it it ever gets developed over the next several years.
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@Wannabeinvestor global U3O8 resource of 673Mt at 248ppm. it's 0.025% grade, no?
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@Rulingmining Think so. As I said, it's a by product. Main resource is the RareEarth
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@flippy I live in Canada and bought mine using Credential Direct under US symbol GDLNF for a $25 fee.
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@Rulingmining Interesting, I originally bought GDLNF, now being told that even the otc has to be cleared on the Australian exchange, so I own both GDLNF on my first purchase and GGG.AX on the second. Pricing of both got averaged but 2 lines on my statement....
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@MiningBookGuy $GGG.AX - Kvanefjeld on the cusp http://www.mining-journal.com/featured-company-profiles/kvanefjeld-on-the-cusp/ #Greenland #REEs #uranium #zinc #CompanyProfile #MiningJournal "If 2016 was a “transformative year” for Greenland Minerals and Energy (ASX: GGG), it may also have seen a seismic shift in the direction of future rare earths and uranium supply, and for the people of one of the world’s true #frontier mineral development jurisdictions."
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@Rulingmining Greenland Minerals and Energy hosts nuclear delegate 13:30 15 May 2017 The company is finalising its environmental and social impact assessments. http://www.proactiveinvestors.com.au/companies/news/177771/greenland-minerals-and-energy-hosts-nuclear-delegate-177771.html
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