Post by
templetooth2 on Sep 26, 2023 10:42am
Peachy, Just Peachy
As telemarker has previously referenced, Greenland Resources today announced go-ahead for the Malmberg moly project.
A quick glance at some of their news releases shows initial capex of $US 820 million, a 20 year mine life, producing 32.8 million annual pounds for the first 10 years from a higher grade portion of the ore supply.
First glance shows Greenland (MOLY on NEO) has 115 million shares out, 126.4 million fully diluted. Remarkably little info on where the $820 million comes from.
MOLY's FS used a base case of $18 per pound.
In 2021 the planet produced 576 million pounds.
Comment by
TELEMARKER on Sep 26, 2023 11:06am
2023-09-25 | NEO:MOLY | Press Release | Greenland Resources Inc (stockhouse.com)
Comment by
TELEMARKER on Sep 26, 2023 11:38am
Greenland will take 5 years to construct imo. Not an easy decision for CG on what to do with TC and Endako