Sarissa Resources Inc (SRSR)

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Here are a few applicable facts:

• Overall, world FeNb market forecast to double in next 8 - 10 years.
• Current spot price is $43/kg Nb (source: Metal-Pages Ltd.)
• Roskill forecasts price closer to $50/kg Nb by 2015.
• FerroVanadium is the closest substitute, but requires double the intensity usage – current FeV price is $25/kg.
• Japan and India have all announced large steel growth production forecasts. Indian FeNb usage is still very low.
• At current and projected growth rates, world market anticipated to be 180,000 – 200,000 tpa by 2020

Data from Roskill, Metal-Pages, Iamgold, CBMM websites

Another fact: CBMM max production rate is 150,000 tpa after the recent expansion, with the sum of all remaining producers at 20,000 tpa. (Multiple sources)

Current Max supply is less than estimated minimum demand for 2020.

A rising tide lifts all boats. And the lines is gettin tight.