The Cheapest Australian Uranium Play with JORC resource

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The Kvanefjeld REE deposit in southern Greenland is growing rapidly to become one of the largest deposit of REEs in the world. It has the potential to meet the world’s rapidly growing demand for REEs, and in doing so, can become a major contributor to the Greenland economy for decades to come. At Greenland Minerals and Energy, we believe that Kvanefjeld will be truly world class mineral deposit that can be developed in a responsible, environmentally conscious manner, to become one of the world’s major sources of Rare Earth Elements – “Specialty Metals for a Greener World”.

GGG has almost as much uranium as EXT. Plus they have 2/3 more value in their Rare Earth Element… the looming battle ground for the move to the electron based economy. So for a very small market cap of around $35m you get 200m pounds of uranium and one of the world’s largest REE deposits.

2 thoughts on “The Cheapest Australian Uranium Play with JORC resource”

  1. Well that was posted in April 2009. Since then GGG’s market cap has moved to $226m, quite a nice gain from $35m in April 2009. Of course if you had invested in Lynas you would have seen much greater gains… brings a smile to my face….. from .09c back then to $1.50 now….

    But we have a new player for the title of Australia’s cheapest uranium play in terms of mkt cap/resources and this one is going to give a lot more to those early investors that get in now…..http://www.australian-shares.com/forums/discussion/6264/aura-energy-vastly-undervalued-uranium-company-compared-with-its-peers-re-resources-to-market-cap./#Item_3

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