AUSTIN, Texas, Nov. 8, 2012 /PRNewswire/ -- Buyer Group International, Inc. (OTC PK: BYRG) ("BYRG" or the "Company") today released a White Paper on Greenland's natural resources potential. The advisors at BYRG choose to do this to illustrate the enormous potential of investing in such areas as Greenland, given China's recent multi-billion dollar investments made in Greenland and China's expressions that Greenland is of major strategic importance to the country's long term viability and growth. White Paper is available at http://www.byrg.org/news.html
As reported earlier, BYRG entered into a Letter of Intent for a joint venture to acquire part interest in 360,000 acres of land in Greenland rich with deposits of Iron, Titanium and Vanadium ores. Initial reports indicate rich reserves comparable with other major world sites and exploration is underway to establish recoverable estimates which are already estimated to be at over 1 billion tons of raw ore material.
"We see enormous potential in Greenland's natural resources," said Dave Bryant, President of BYRG. "Our goals are to execute in the very near term a business development program centered around increasing holdings and production of mineral reserves for both long term management and short term development and production that can be sold on the current market."
BYRG and its advisors believe that strategic development of mineral rich lands will give the shareholders the best long term returns of any industry including government and municipal investment. The current world malaise and existing market conditions only strengthen that position. It is important to note that successful conclusion these projects and prospects are subject to numerous material contingencies, including financing, obtaining certain guarantees, further due diligence, and exploration and operating results, of which there are no assurances. BYRG will do its best to initiate ethical best practices to ensure the best odds and maximize this potential.