The boss of Greenland's Bureau of Minerals and Petroleum, Jorn Skolv Nielsen, describes it as a big reason for the bureau's decision to open Greenland's western Disko Bay, where Cairn Energy drilled in 2010-11.
Yet there are fears that reckless exploitation of Greenland's minerals could endanger the pristine Arctic environment.
It is impossible to estimate how much money this bounty could generate for Greenland's cash-strapped government.
Greenland's Inuit, who make up around 85% of the island's population, are doing even better.
Koenig hopes more radar data will help shed light on Greenland's snow accumulation.
ENGADGET: NASA's GROVER eco-rover to examine Greenland's ice sheet (video)
Siumut - led by Aleqa Hammond - is opposed to the plan, which could see Greenland's population increase by 5%.
Greenland's newly elected prime minister plans to seek royalties from companies as they set up exploitation activities in the resource-rich nation.
The giant ice island is 46 square miles, and separated from the terminus of the Petermann Glacier, one of Greenland's largest.
He vowed to resist EU pressure concerning Greenland's policy on rare earths.
There are concerns that opening up Greenland's resources for exploitation may pose an additional threat to the environment and traditional ways of life.
But early-'90s research on Greenland's ice core proved that, over the past 100, 000 years, climate stability has been the exception, not the norm.
The EU sees "especially strong potential" in Greenland's deposits of niobium, platinum, rare earths and tantalum, among the elements on an EU "critical raw materials" list.
Greenland's surface layer vaulted into the news in summer 2012 when higher than normal temperatures caused surface melting across about 97 percent of the ice sheet.
ENGADGET: NASA's GROVER eco-rover to examine Greenland's ice sheet (video)
In the name of climate change science, researchers at NASA have dropped 90 rubber ducks into holes of Greenland's fastest moving glacier: the Jakobshavn Glacier in Baffin Bay.
Currently Greenland's rare earth resources are being intensively investigated.
Furthermore, the high-quality dating of the WAIS Divide core will make it easy to correlate with cores from Greenland's ice sheet, allowing for a tighter coupling of records from the Artic and the Antarctic.
Flying over parts of Greenland it is easy to see exploratory mines and many firms are already in talks with Greenland's government in hopes of exploiting everything from coal to iron, gold, diamonds, and even uranium.
They are cooler than the "Medieval Warm Period" about 1, 000 years ago when Eric the Red and his Icelandic Viking tribe settled on grasslands of Greenland's southwestern coast, and much warmer than about 400 years ago when the Northern Hemisphere plunged into depths of a "Little Ice Age" (not a true Ice Age).
The world average for glacier melt is 1.2 meters per year, but in Greenland it's much faster.
As for the Greenland shark's own predators, they don't have many because of their very large body size.
He oversees Greenland Group's energy and financial services unit and is part of an advisory group in China's housing ministry.
Australia's Greenland Minerals and Energy Company, which is prospecting for uranium and rare earths used in computers and mobile phones, will also be watching closely.
Migrating peregrine falcons traveling north from South American wintering areas, destined for nesting areas as far as Greenland, are also crossing the Gulf's marshes.
This causes cracks to appear in the ocean seafloor -- this is what we think, " explains Buckland, adding "So you can measure what's happening to the landmass of Greenland by looking at the sea.
Greenpeace campaigners have been criticizing Scottish oil firm Cairn Energy, which announced earlier this week that it had found gas off the coast of Greenland and had received permission from the nation's government to drill two wells.
And we know already that Greenland is melting quite rapidly, Antarctica, it's reported, is probably on the tipping point.
CNN's crew visited the biggest sheep farm in Southern Greenland with about 800 animals during lambing season, when baby sheep are born every few minutes.
Michael Comberiate, a retired NASA engineer and manager of Goddard's Engineering Boot Camp said the Earth-bound Greenland Rover is similar to NASA missions off the planet.
ENGADGET: NASA's GROVER eco-rover to examine Greenland's ice sheet (video)
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