these cost huge $$$$ takes time , need port which should be next most likely. But this is a long way away so will likely need more investors which means dilution usually. This will be something in a few years
I think these projects right now are perceived as being very expensive to put in production, ie financing. We need to get the mining permit in hand, one year down the road? So we need patience. It is a great deposit, world class, and we will get the financing and permits... patience....... check out the price action of QRM over the last two weeks. Exact same situation, good deposit, great announcement as to production, stock drops. Look at the cost to production, billions!
Agree with your post. Here's a recent statement by Jack Lifton, a renowned authority in rare earths.
"It is becoming clear that China likely does NOT possess the world’s largest resources and reserves of the rare earths. That title, so my colleague and TMR co-founder Gareth Hatch informs me, may well belong to Greenland or Canada."
He is obviously referring to reserves in large part under GMEL control today in Greenland.
Kvanefjeld is not just possibly the world biggest RE resource but also it will rank high in Uranium. Imagine what most mines pay money to discard, GMEL will sell in the U market at a profit.
Sure, financing is tough, but not for world class mining projects in hi value indispensable and rich projects.