Alba do these raises 2 to 3 times a year... it is a good cash cow for GF.. GROC is the only hope .. Motzfeldt is years and many millions of pounds away if it is ever deemed commercially viable.
Motzfeldt will be a very slow burner due to the limited time for exploration during the summer.. probably June to early September. If the rare earth metals are there great but it will be a challenging place for mining and take years. Best hope is Alba can sell it on in time.
They've raised £1,125,000 this year and there is no chance of any significant revenue for at least 6 months(if then)... so more than likely another placing before then.
Not being very educated on the building technicalities I wondered how easy it is to acquire gypsum in all these different countries.. the answer was its available almost everywhere and a very cheap building medium.
The cost to open GreenRoc's (GROC) Amitsoq graphite mine in Greenland is estimated at an initial capital cost of USD $321 million. This figure includes a 25% contingency. I think they will need considerably more funding from somewhere but the loan facility may mean no more GROC raises for a while.
I think it all looks good from what we know but I wonder if there are certain timelines that have to be met and penalty clauses if not although ECO might achieve everything comfortably ?
They have always said the licencing deals can take a long time to negotiate but they have signed a few contracts since July and everything is moving forward well imo and no worries about having to raise anytime soon.
Plenty to look forward (we might get an update on the progress of the Unilever trials in the next few weeks) so much going on and particularly nexy year when the first Unilever collaboration should be concluded (possibly in H2)