Ann: Results Confirm Extensive Nd-Pr REE at Gronnedal Greenland, page-28

Fair breakdown, but I think you’ve actually highlighted the main risks rather than solved them.

Permitting:

Even if the footprint is smaller or positioned differently, Greenland isn’t exactly a fast-track jurisdiction right now. The broader issue isn’t just where waste goes — it’s that anything with environmental sensitivity tends to get dragged through extended review. That risk hasn’t gone away.

Funding:

“Shouldn’t be too difficult” is doing a lot of heavy lifting there. Markets have tightened, and even low capex projects still need credible partners/offtake to unlock funding. A NASDAQ angle doesn’t guarantee capital — it just widens the audience.

Partners:

This is probably the key one. Long DD with no binding outcome cuts both ways — either it’s thorough, or something isn’t stacking up yet. Until something is signed, the market usually assumes uncertainty.

Execution:

Murphy’s Law is a funny way to put it, but it’s also kind of the point — delays, shifting timelines, and dependency on multiple moving parts. That’s what keeps these stories discounted.