prices continue to rise. It is quite possible, and even likely, that the company will raise money again before work 
begins in April this year. Thomas estimates a total budget of AUSD3.0 million for the current year. This sum is to be 
used for drilling at Sortekap (Gold) and Miki (Cu-Ni-PGE). 
Conclusion: 
The matter is actually quite simple for Conico and its investors: after long preparation, the moment of truth is now 
coming with drilling on all three projects. The Mestersvig Zinc Project, as a former producer, offers a lot of proven 
substance on the one hand, but also plenty of room for growth. The Sortekap gold project at Ryberg could easily be the 
main project for an average explorer. Nevertheless, Mestersvig and Sortekap pale behind the potential of Miki/Ryberg: 
the drilling there, planned for the middle of the year, is expected to attract global interest - especially from 
Danish, Greenlandic and British investors. In the best case, the drilling next summer will confirm the young 
geologist's daring hypotheses. Then the Ryberg project will make history and change Greenland's strategic role. In the 
negative case, the drilling on Miki is a flop. That would certainly not lead to the abandonment of the project, but it 
would certainly make it more difficult to finance further investigations. Either way, Conico will still need a lot of 
money for exploration. In the medium term, it is hard to imagine Conico getting by without the support of large 
corporations - even if it is successful. It is a fascinating project that we recommend to investors and that we want to 
continue to pursue in any case. 
For pictures and additional information click here https://goldinvest.de/unternehmensprofile/ 
unternehmensprofile-mining-energy/167-conico-ltdBLOCKED 
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=---------------------------------------------------------------------------------------------------------------------- 
2021-03-17 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
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=---------------------------------------------------------------------------------------------------------------------- 
Language:     English 
Company:      Goldinvest Consulting GmbH 
              Rothenbaumchausse 185 
              20149 Hamburg 
              Germany 
Internet:     www.goldinvest.de 
EQS News ID:  1176107 
 
End of News   DGAP News Service 
=------------

1176107 2021-03-17

(END) Dow Jones Newswires

March 17, 2021 02:37 ET (06:37 GMT)