TGX.v This has been a very challenging task. To
Despite global warming over the past two
winters been the coldest in decades in this
area. Fjord into Aappallutoq frozen
in the last two winters and it has not happened
in the last 50 years. This has meant that we have
used somewhat longer than expected. But now we see
end, and in a short time, the first rubies
come from ruby mine. We have recently
worked to bring in an external investor and this
We expect to have in place in May / June. When
production will be a great day for Greenland,
our partners and LNS. This will be
the only mining operation that will be going on
Greenland insurmountable future. We should be so
immodest to say that without LNS entry had never
This project has been initiated in current
point. LNS has invested significant amounts in this
project. Investing in Greenland has always been
associated with risk. But we are absolutely confident that
our focus is going to give a very good
returns.
PS. The last international auction was approximately
500,000 carats sold for an average price of
about. 70 USD / carat. We have in the first instance
(Aappallutoq) demonstrated approximately 405 million carats ...