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Bell Potter Securities Limited
Research Report Released September 25, 2012
GET a Copy contact research analyst Trent Allen by Email - tcallen@bellpotter.com.au
Phone +61 2 9255 7200
- RM Research Pty Ltd | Analyst - Guy T Le Page
Email - info@rmresearch.com.au, Phone: +61 8 9488 0800 - RM Research -- GGG ticking the boxes: Key milestones flagged in the last report (RMR, 16/4/2012) continue to be met with impressive results from the Pre-Feasibility study in particular the robust project economics.
Positive Pre-Feasibility, New Zone 3, added 63Mlb U3O8 and 1.11mt TREO to JORC Resources now > 575Mlbs and 10.3Mt TREO; Process Flow Sheet Optimisation, Advances in beneficiation, RM Research maintaining a short term price target from A$0.90 with a medium term target A$5.00... see 17 page pdf report
20 September 2012 - RM Research Commences Coverage on Greenland Minerals
Good resource continuity points to significant resource upside... Kvanefjeld represents excellent leverage to increasing uranium prices... Demand fundamentals for uranium and REE improving... RM Research believes that the critical issue of political risk in Greenland is progressively being resolved in the company’s favour with a very positive medium term outlook... Consolidated project ownership should see a re-rating of GGG... Critical updates continue to be positive for GMEL... Short term price target: A$0.90, Medium term: A$1.80
18 April 2012
- Shaw Stockbroking | Analyst - Vincent Pisani
Email - vpisani@shawstock.com.au, Phone: +61 2 9238 1296 - Shaw Stockbroking increases Greenland Minerals valuation to $2.25 per share following positive Prefeasibility outcomes
Completion of Pre-Feasibility Study (PFS) on the Kvanefjeld rare earth and uranium orebody, and now moving to Full Feasibility Study and completion of Environmental and Social Impact Assessments (EIA & SIA respectively) by year end.
16 May 2012 - Shaw Stockbroking [GGG] Research Report Update Zone 2 JORC Resource
Shaw Stockbroking Updates GGG. Buy Recommendation. Kvanefjeld rare earth and uranium complex is now growing to mega proportions. Shaw says "deposit contains over 70 years’ the entire global consumption of rare earths."
26 March 2012 - Shaw Stockbroking: Dec'11 Quarterly Overview
2012 should see a number of stars align themselves for GGG. JORC resource calculations for Zone 2&3 may very well see overall JORC resources for the Kvanefjeld project move from 619Mt to 1.0bn tonnes. Given the initial grades of drilling at both Zones 2&3, there is a high probability that over grades of REO and U3O8 will be increased along with the tonnage increase. By June 2012, GGG should be in a position to have 100% ownership of this massive project and work will have advanced on metallurgy and the best processing system for the deposit. Environmental and social aspects of bringing this deposit into production are advancing, and if submitted to a satisfactory manner to the Greenland Government, may then convert the existing licence to “exploitation”.
30 January 2012 - Shaw Stockbroking: GGG - Chipping Away at 'Zero Tolerance'
5 December 2011 - Independent Research initiation of coverage
13 September 2011
- Resource Capital Research | Analyst - John Wilson
Email - johnwilson@rcresearch.com.au, Phone: +612 9252 9405 - RCR Research Report June 27, 2011
The Kvanefjeld resource stands at 350 mlbs of U308, 6.5mt of total REO and 1.4mt Zn. A definitive feasibility study (DFS) for production, including uranium, should start in 2H11. Potential for strategic, robust world class REE-U-Zn project from 2015
27 June 2011 - RCR Research Report March, 2011
RCR Company Update
The Kvanefjeld resource has increased by 35% and now stands at 350mlbs of U3O8, 6.6mt of total REO and 1.4mt of Zn. A definitive feasibility study (DFS) of production, including uranium, should start in 2H11. Share price target is A$1.46.
28 March 2011 - RCR Research Report Feb 16, 2011
RCR Research increases target price of Greenland Minerals to AU$1.80
REE & speciality metals mineralisation is confirmed 7km from the Kvanefjeld resource, with 185m @ 1.2% TREO, 442ppm U3O8, 0.34% Zn.
Multi-element focus at Kvanefjeld - uranium component valued in-ground (4Q10) at ~US$17.5 billion (US$62/lb) and REE at ~US$146 billion (US$30/kg)
16 February 2011 - RCR Research Report 4Q 2010
A 33% one month gain for GGG is the result of a buoyant REE market, and Greenland’s nod to full evaluation of projects that include uranium
17 November 2010 - RCR Report – Uranium sector review
24 September 2010 - Company Comment and Investment Points from Resource Capital Research
by Resource Capital Research,Kvanefjeld- uranium component Valued in-ground at ~US$17B and REE at US$49 Billion
22 March 2010
- RB Milestone Research Note on GGG
"We have valued the Company based on present value of future cash flows from its projects starting 2016 and a mine life of about 22 years (current estimate). With a discount rate of 14.8%, we arrive at a fair value of A$2.36 for the stock."
14 September 2010 - Strong Growth Prospects in REE Industry (RB Milestone Group)
Greenland Minerals and Energy Ltd. is an Australia based mineral exploration and development company, primarily focusing on rare earth elements (REE) in southern Greenland.
14 September 2010
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Research analyst - Matt Gowing, CFA 416.860.8675
Email - mgowing@mackieresearch.com
Research analyst - Raveel Afzaal, Associate 416.860.7666 - Mackie Research on REO’s
The key findings of the report suggest that supply of heavy rare earths, is expected to remain strained over the next four years.
8 February 2011
