Greenland ups return

GREENLAND Minerals and Energy has updated its Greenland Kvanefjeld uranium and rare earth project feasibility study, almost doubling the internal rate of return and reducing project finance requirements by several hundred million.

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Kvanefjeld’s projected net present value increased from $US1.4-$1.6 billion ($A1.85-$2 billion), while its internal rate of return jumped from 21.8% to 43.4%.