Stuhini Exploration Ltd. STXPF

Greenland Resources Inc. (NEO: MOLY Update

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March 27, 2023 12:34 PM Eastern Daylight Time

TORONTO--(BUSINESS WIRE)--Greenland Resources Inc. (NEO: MOLY | FSE: M0LY) (“Greenland Resources” or the “Company”) is pleased to announce that a site visit to the Malmbjerg Molybdenum Project has been scheduled during the second week of April as part of the engineering and financing process. The site visit will include a European equipment manufacturer, supplier, and contractor as well as a Canadian arctic construction company and representatives from a Canadian bank.

The equipment manufacturer will conduct an installation suitability and construction inspection of the ore transportation system, based on an onsite aerial and ground route inspections to advance on the proposed routing topography, support towers and transfer foundations. The arctic construction company with extensive infrastructure experience, will review the overall project infrastructure construction requirements which include the port facilities, access roads, tailings management, aviation access, open pit preparation and glacier road routings.

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 Comparing Greenland Molys remote location and lack of infrastructure to Stuhinis built out infrastructure with $22 million dollar road right to the site, acess to skilled workforce that can sleep at home in their beds really tells a story.   
 
   Greenlands Feb 22' Feasibility study with the $820Million initial CAPEX is way off base.

With inflation,  and the amount of work that needs to be done in that remote location just to get infrastructure in place, has to justify at least double $820Million initial CAPEX they are claiming IMO. Than there is the time factor. MANY years. 

    If Molybdenum keeps its high bid, which it should due to supply and demand basics, Ruby Creek will be producing Molybdenum while Greenland is still trying to figure out how to build infrastructure and produce Moly from the sun.   

   STU.V is closing the gap in Market cap. Currently Greenlands $80 M  MC is only tripple that of Stuhinis $26M .   Crazy, Stuhini has a better, more practical Moly project all around, is cheaper by 3 multiples and you get the Gold Silver, Nickel and Zinc for free.  

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2 NR from MOLY. Contractor and mill equipment supplier MOUs nothing on financing