Friday, January 15, 2010 10:50:58 PM
Quick question: If the Nemegosenda property got the "seal of approval a long time ago by the mineral exploration division of Gulf Oil", why would they choose not to retain it? Why would they not explore it further? Would it be due in large part to the fact that niobium was not a widely sought-after resource at that time? i.e. it was not economically viable to pursue the drilling, extraction, processing and "bringing to market" (for lack of a better term) because the demand could not justify the cost to supply?
In your opinion, would Gulf Oil's mineral exploration division have pursued this property further given today's niobium spot prices, increasing usages/applications, and projected growing demand?
Thanks in advance for your insights. You provide some interesting (sobering?) thoughts and I get the feeling they are coming from a position of experience.
~KS~
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