Did you tell that to niocorp? Their company presentation is wrong if that's true. It says current producers will not be able to meet the demand and new sources will be required.
Also, I don't believe our capex will be that high. Should be closer to 200-300 million. I'm comparing that to another open pit niobium project.
The IRR is what will matter to investors. We should be in a position to be a low cost, if not lowest cost producer based on the $13/kg figure in the NI report from Chance.
So should people stop opening pizza and hamburger restaurants?
McDonald's can support the market place - Domino's should perhaps close because of papa johns?!?!
It would seem that there is little appetite for any investment in new niobium mines especially in the 400 - 500 million dollar range.
Please defend this statement. I can easily think of one deal that recently happened in this price range. I am curious how you made this inference/opinion.