This is a Niobium/Tantalum/REEs mining story. The HWBI thing (or lack thereof) has nothing to do with it. Even the rest of the SRSR properties they hold in house are meaningless since the niobium mine is not even priced in at a fair value. They are more or less freebies to the equation.
We are apt to shut our eyes against a painful truth... For my part, I am willing to know the whole truth; to know the worst; and to provide for it. --Patrick Henry, Patriot and Hero of the American Revolution