Excellent point on when the mine starts commercially producing niobium, scandium, titanium, etc. The biggest risk to serious investors with a long term horizon is, IMO, that someone will come in and try to buy our company after the BFS is released or at some other point in time prior to the mine build-out and commercial start-up, with the result that we will all do well, but miss out on some of the ultimate gains from having everything bought out from under us too soon.
Of course, if the buyout price were to reflect fair present value based on the numbers, well .........
Bottom line here is, we know what we own and patience will be handsomely rewarded here for serious patient long term investors.