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Tuesday, July 05, 2011 7:49:46 PM
two Greenland miners who will change the face of the rare earth
world.
Just doing some math if they have 1.51% of 14.1M tons of neodymium valued at say $50/lb that comes to a value of over $30,000 per share. The question is can they get the stuff out of the ground and sold with the $18 million they have or will they have to sell shares to raise enough capital to accomplish this. If they sell shares how much will they get diluted. The results look far away but this may be a time to get in and start acumulating for a three year time horizon. Because of the strategic importance of the rare earths I think this project will have impetus from western nations. Because there will be no earnings for quite a while the stock price will fluctuate on speculative supply and demand. I bought a few shares today.
Good luck to all.
Crusader Rabbit
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