Jan. 7 at 11:07 PM
$APAAF I’ve posted several times comparing CRML’s Tanbreez project to Appia’s (now Ultra) PCH ionic clay project in Ipora Brazil. Tanbreez is massively overvalued for a dozen reasons regarding Greenland’s geographic isolation, geography, lack of infrastructure, climate, etc. It is clear investors are confusing geopolitical and government interest with raw economic viability.
This article sums up my contentions nicely and I agree with the authors direction. Appia sits beautifully positioned between Canadian, Brazilian, and US exposure (not to mention all the benefits of ionic clays in sunny Brazil compared to hard rock mining in desolate Greenland). Markets will wake up to Appias potential (and undervaluation) given its unique position soon enough.
https://investornews.com/critical-minerals-rare-earths/the-greenland-critical-minerals-and-rare-earths-myth-dispelled/