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161 utilise this cash flow to explore the wider region in the long-term .
“ We have a five-year plan where we want to get into production at Nalunaq and use the cash generated to fund exploration in the wider district . We envisage investing a significant amount in exploration assets to provide a portfolio of different deposits that we can bring into production . We are creating a company that has a long-term mission in Greenland to build up local know how to support our aim of ramping up to very profitable production across a number of projects ,” notes Olafsson . “ It will create a dramatic effect on the local community and hopefully be a springboard for unlocking much larger potential in Greenland . There are plenty of deposits that have been found , but you have to be able to develop them . You can only do that that with support and cooperation from the local people who believe in your vision .”
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