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NunaMinerals A/S Mining Potential Of Greenland

NunaMinerals A/S is a Denmark-based minerals exploration company that primarily develops, utilizes and markets natural mineral resources on a commercial basis. Its business strategy comprises the co-ownership of mines and collecting royalties from mining operations and project sales. The Company divides its projects into Core projects and Non-core projects. During the fiscal year 2010, The Company's activities were focused on several projects, including Nuuk Gold Province, Nanortalik Gold Provice, Rare Earth Elements (NYSEMKT:REE) projects, Diamonds, Thule Irone Provices, Stendalen and Other areas. The Major shareholders of NunaMinerals A/S include the Government of Greenland (33.7%), Rudersdal A/S (13.3%) and Professionel Forening Ld Hf (16.9%) as well Fondsmæglerselskabet Maj Invest A/S (16.6%), Danske Bank A/S (Investment Management) (0.13%), Halman Aldubi Mutual Funds Ltd. (0.11%).

Disclosure: I am long OTC:NUNAF.