North Pole up for Grabs

To the Danes, I say get yer lutefisk-eating fingers offa the Santa-Land! Apparently, there is some sort of race going on to claim the North Pole and it's vast mineral rights. If the Danes can prove that the northern-most extreme of its territory Greenland extends, via it's "continental socket, to within 370km (about 161 miles) of the Lomonosov Ridge (mountains which run up under the North Pole), they get to claim it under the UN's Convention on the Law of the Sea. Of course, the Danes have been refusing to ratify this since 1986 (purportedly because of rules on fishing and whaling). If the Danes don't ratify it by the end of this year, and then provide convincing scientific evidence within 10 years of the date of ratifying the treaty, the legality of their claim will be baseless. This is probably just another bit in the great UN bullshit saga, but I am curious to see what happens.