Sarissa Resources Inc (SRSR)

[goforthebet]

On the spot market, tantalum usually trades at around $25-$35/lb. The spot market is supplied by small producers in African countries such as the Democratic Republic of Congo – with its attendant instability. These sources are not sanctioned by the UN; the tantalum concentrate that comes from a UN sanctioned country like Australia or Canada is worth twice the price of that on the spot. On a long-term contract from HC Starck, the world's largest tantalum processor, tantalum oxide will sell for $140-$150/lb. Presently, the world’s largest producer of niobium (from pyrochlore) is the mine at Araxá in Brazil.

Niobium is currently trading at around $29/lb– quadruple January’s price.