Niocorp Developments Ltd (NB)

[Middleborder]

Monocle; Unless buying Greenland was the point of the trip, in which case there is no longer a reason to go.

During WWII the U.S.occupied and defended Greenland after Denmark was seized by a country called, ahem, Germany. When Germany was defeated we returned it to liberated Denmark.

China is currently calling itself "a Near Arctic Country"--whatever that is--but we know what they did and are doing to Tibet and to the Uighars. Denmark is really not in any position to either defend or develop Greenlands resources. If you look around the world you see China buying up resources in African countries and moving Chinese prison labor in to mine the mines or work the oil fields or send their trawler fleets to deplete African Fishing stocks. (No EU fishing Restrictions on these Chinese!)

Insolent would be claiming all of the North Atlantic and the North Sea as US Territory and building islands with runaways and military depots on shoal water just outside of the 12 mile limit for Greenland, Iceland, Scotland,the Faroes, and Norway. (Something like China IS currently doing to Vietnam and the Phillipean Islands.)

The US Offering to buy Greenland is a good deal more honest than seizing Tibet, Poland or the Sudatanland, Denmark or Holland. I think the point here is to indicate U.S. Interest and receive a Danish refusal which would make Denmark less likely to consider any later Chinese proffer to purchase Greenland's resources because of the prior US indication of interest.

Anyway, I am glad Niocorp's prices was up a little today.