Thanks for the replies Sparty. Ipicked up the following excerpts from the GGG website, which I find very encouraging.

Greenland Minerals’ resource estimates are JORC compliant and
were released to the market in May, with an update in August 2008. They
are based on a diamond-core drilling program of 10,000 metres conducted
by the company in the northern summer of 2007. The explorer is expected to release
a revised resource estimate to the Australian Securities Exchange late
in the first quarter of this year, based on the 2008 drilling program of 20,000m.

The company will then use these estimates to update its resource
model and finalise its targets for its 2009 drilling campaign, scheduled
for May-October. A JORC-compliant resource statement will then be
released. This will feed into the Kvanefjeld prefeasibility study with completion
scheduled for late 2009. Greenland Minerals has a 60% stake in the Kvanefjeld project, with a non-expiring option to increase that to 100%.
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As world oil reserves diminish and mineral explorers look for frontier destinations,
interest in Greenland has intensified, with Canadians and Australians heading up the
pack. A nascent movement among Greenland’s people and Government to capitalise
on that interest partly explained the overwhelming support for self rule in a public referendum held in November.

While Greenland was granted home rule from Denmark in 1979, the freedoms it gained did not extend to authority over a number of things including minerals and oil rights. That
will change with self rule. Greenlandics see resources as the way to financial
independence, and thus genuine independence, from the Crown.
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At the time of writing in early 2009, it would be illegal to mine
Kvanefjeld because of its uranium content. GME managing director Rod
McIllree said Kvanefjeld, on the southern tip of Greenland, was more
than viable based purely based on its rare earths content, saying it
“may be the world’s largest stand-alone occurrence of rare earths”.
While in-principle support for by-product uranium mining is a major
victory for GME and other prospective miners, there are still obstacles.
One is timing – GME will commence a feasibility study in 2009 and
hope Greenland has a legislated uranium extraction policy by the time it
is complete.

The Government may need little convincing. Mining currently
accounts for less than 1% of Greenland’s GDP.
McIllree said the effect Kvanefjeld would have on the figure would
be immense. “Very profound – 20-30%,” he said.

A requisite for achieving policy change was getting Greenland’s
public on side of uranium mining, albeit as a by-product. Schønwandt
said doing so would not be simple.
“We have to participate strongly in the discussion with the locals in
the next year to get this through. We know we have to do a bit more on
the promotion side but I’m confident we will get there.”