Greenland Resources Inc N.MOLY

Ismand good to have some company here

[TELEMARKER]

I see you have signed up to SH Dec 25 2021

There are 2 shutdown open pit moly mines owned by Centerra Gold CG - one in BC and one in Idaho, Could be restarted, all equipemnt intact.
FCX Freeport McMorran has the Climax and Henderson operations in Colorado 
I believe that these are trottled back due to marketr demand

I am dubious on the need for another moly mine  in the near term considering the above.
Malmberg will only get the spot price and no more even if it iis n the EU

Looking forward to Feasability Report

[ismand]

and there are other moly projects to mention, all have their own issues including the ones u mention, low grade, ski resorts / towns near by, First Nations lands,  lots of capex to restart operations , current producers running out of reserves, not reliable social and environmental sourcing, tax disadvantage with cross border buyers, etc..  I think chances for this project to

[TELEMARKER]

My response low cost to restart existing operations concentrate quality not a factor job creation in Greenland - there are other projects on west side of Greenland, closer to existing towns Steel consumers in EU will buy from all producers, price the main factor Moly is produced in many countries - China, USA, Chile, Peru, Canada, Russia Significant moly production as byproduct from copper mines

[ismand]

EU Policy (i.e., on responsible raw materials sourcing, circular economy ) is moving towards a mandatory approach as to where EU buyers can source raw materials so EU buyers can not buy raw materials from everywhere and policy is getting tighter.  EU remains second buyer of molybdenum in the world and has no domestic production nor reserves.  EU Policy was recently passed

[TELEMARKER]

EU can legislate all it wants but for the next 5 - 10 years the current producers will meet the demand.  2 shutdown CG mines could restart if warranted by Mo price. FCX can increase its production from Colarado mines Looking forward to Malmberg feasability  - $1 billion capex ?