North Bay Resources Inc (NBRI)

[phrantic]

We are very fortunate to have a CEO that knows how to look ahead of the crowd and add tremendous value to NBRI. After reading this article all I can do is laugh at our current share price.

Investor interest in rare earth elements (REE) has exploded as of late, and for good reason. China controls up to 97% of the world supply of REEs, which are essential for use in modern technology. Prices are soaring as China slashes export quotas and shows a willingness to use these materials as a political tool. Alarmed governments throughout the world are increasingly concerned about securing more reliable sources of critical materials for strategic and security purposes. But there are other rare minerals, outside of REEs, which are also crucial to economic and national security. Niobium, for example, is among the most critical, but has received little publicity.

That is quickly changing.

WikiLeaks recently released a governmental list of 300 key foreign infrastructures and resources that are vital to U.S. interests. One item that came up multiple times was Niobium.

Due to its relevance in aerospace and defense, Niobium is considered a “strategic metal” by the U.S. government, meaning there are few or no substitutes for the metal’s essential use. Furthermore, of all strategic metals, Niobium is regarded as one of the most highly critical. But its supplies are considered potentially at risk. This is because only a few sources throughout the world produce the metal. Almost 90% of the world supply comes from Brazil. Nearly all of that comes from only one mine. Most of the rest comes from the Canadian Niobec Mine, owned by IAMGOLD (NYSE: IAG).


http://seekingalpha.com/article/241397-quantum-rare-earth-s-huge-potential-with-niobium