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I would be surprised (very surprised) if grades of under 4g Au / T are encountered in the ore from 5m in (which I expect they are at by now)

Fingers crossed for a bonanza zone. You'll hear about that before bulk samples are analysed

TBH I would guess that the strategic location of an airbase there is of greater value. As I understand it, UK transferred the sovereignty to Mauritius as a consequence of an international court's ruling that Harlod Wilson's UK government had exerted indue influence on Mauritius upon its independence, in offering them a mere £3M at the time for the archipeligo. As respectors of international law, we have transferred sovereignty to Mauritius and have since leased back the bases. Clearly Trump does not have any respect for multilateral international institutions.

Drill ahead core drilling was done some years ago from two locations. From memory three holes were drilledvfrom each pad, though one from the field between llechfraith and tynycornel went awry. This is the drill ahead philosophy. It determines structure. The ongoing bulk sampling will indicate grade.

I think the bottleneck is likely to be processing as opposed to extraction.

I asked George a few days ago, if processing was underway in parallel. He confirmed this.

If you seek to discredit my assertion that Trump / Lauder / GreenMet *may* not respect licences granted to date, then please correct me, by presenting credible evidence that the tentatively displacing regime has stated that they will respect current private mineral rights . I am quite happy to change my mind if you can present credible evidence.

@ProfitJock ... it is an unknown whether or not the mineral rights granted by the current greenlandic government would be respected by any invading force. I don't imagine the situation for current shareholders were to improve in that case. Ample European funding is available, though I would add that its roll out could be a with a bit more alacrity.

@ocelot I accept they haven't (at the time of typing) come accross commerical grades (other than in the waste tip), however they do have sufficient gold from underground operations to make some pendants. Its not like we're asking them to be made by George or Sarah themselves.

I took a close look at yesterday's trades of 10,000 shares or more. It seemed like investor buys outnumbered investor sells by a ratio of almost exactly 2:1

Although this morning we have not got trades in anyone direction of greater than the exchange market size, the price has been slightly marked down.

What I am not seeing is a panic sell.

Not heard anything of the Pendants ?

@ProfitJock nice to hear your buoyant tones. What do you think of ALBA's exposure to Greenland. Do you think there may be a threat to the security of those assets ? Indeed we should be entering the payshoot at CStD, and processing is also ongoing

Three rounds were sold, just only one by auction, which lets face, it, could have gone better

"We have to have it"

https://www.bbc.co.uk/news/live/cx2k7gv0znmt

I suspect diplomacy will possibly not prevail

The levels are on the strike, as is almost always the case with these sort of mines. An exception at CStD is the cross cut that surfaces at tynycornel (waste tip)

"China is actively selling U.S. Treasuries and buying significant amounts of gold, a strategic move to reduce dollar dependency" .... replacing it with a gold corridor. Do we really want to be holding dollars ? (or at least their bonds)

Bit of a shame that Gordon Brown flogged off half our gold now isn't it

But you dont see it in ronald lauder

I wont be selling a single share

I wint be selling a single share of either

Https://www.sciencedaily.com/releases/2025/12/251228074503.htm

Much of what he states the US urgently needs is already there ...

Processing capacity and know how is what's missing

Trump's overplayed his hand, his bluff has been called.

He'll probably lose the mid term elections and will be vociferously restrained.

Won't be judged favourably by history

Mine and plant will open, just as he exits

Greenland isnt for sale anyway. US investors are however welcome to buy shares in miners with Greenland projects, as has always been the case.