www.ggg.gl
Greenland Minerals and Energy Ltd, is a mineral exploration and development company, focused on unlocking the mineral riches of Greenland, one of the world’s last natural resource frontiers. Our aim is simple; to identify large mineral deposits with the potential to underpin long term, economically robust mining operations. This is achieved through technically-focused exploration, aggressive resource development programs, and a strong understanding of the fundamentals that drive the business of mineral exploration and development globally.
Our flagship project is Kvanefjeld, a multi-element deposit located near the southwest tip of Greenland. Through focused exploration, Kvanefjeld is rapidly growing to become one to the world’s largest undeveloped deposits of rare earth elements, uranium and naturally occurring sodium fluoride, commodities with long term forecasts for strong demand increases.
Shaw Stockbroking puts BUY on Greenland Minerals & Energy with a A$2.50 target
Shaw Stockbroking said the key value drivers behind the BUY recommendation include:
The company's main asset is a 61% interest in the giant Kvanefjeld rare earth / uranium deposit in Greenland.
Kvanefjeld is regarded as one of the largest undeveloped rare earth deposits in the world with over 450 million tonnes of ore.
To achieve a significant re-rating, Greenland Minerals must simplify the corporate structure by purchasing the remaining 39% not already owned.
Recent approvals by the Greenland Government to reassess its anti-uranium mining stance could significantly re-rate the stock to our price target of $2.50.
Greenland Minerals last traded at A$0.95.
The full Shaw Stockbroking report can be obtained from the Greenland Minerals website.
