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Gold/Mining/Energy : WSCRF - North American Nickel (NAN.V)
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To: DJK1 who wrote (21)10/31/2013 1:42:26 PM
From: Postman  Read Replies (1) of 34
 
That is a very good quick assessment of the situation I think- Also very encouraging is the royalty structure which has been granted to the London company which will be mining iron nearby- The government of Greenland continues to be friendly towards mining companies it appears-

Here is from the London Mining press release:

"The royalty is structured with escalating rates: with the first five years at 1%, years 6-10: 3%; years 11-15: 4%, rising to 5% after year 16. The lower rate in the earlier years recognises the need to protect the payback period for initial development investment once the mine is brought into production."
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