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