GGG 8.24% 7.8¢ greenland minerals limited

The company has been around since 2006. So youd have to look...

  1. nro
    653 Posts.
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    The company has been around since 2006. So youd have to look further back to determine its origin.
    It actually started as a gold company and sold its holdings to pursue uranium on the Kavnefejld site with the knowledge of rare earths also existing.
    The uranium was its primary focus acounting for some 40% of its profit.
    It continually undertook the title of uranium explorer over all other and treated as much by the market. But yes other elements were also present.
    Drill results and all intentions to any merit were always uranium based and anything else was the byproduct.
    This classified it as a uranium play for the sake of any fund.
    However due to the lode size it has lingered in the market as uranium based for some time. Its clearly becoming ever more REE based in processing and intention and therefore unjustifiable to be listed as a uranium focussed producer anymore on a strictly uranium producer listed index, in any sense of the word. Therefore clearly not considered as such by investors or funds alike.
    Viability differences may exist. But absent figures or consult thats going to be a guess at best.



 
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Currently unlisted public company.

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