My confusion is that the statement indicates the Nb can pay for the total planned production, but I have not found any discussion on the feasibility of ramping the scandium up and down. At $1100/kg to produce Sc2O3, but minimal additional Capex, can the infrastructure be put in place but the mine operate for Nb and Ti only in the short term if the Sc market does not develop as assumed in the report? Eliminating the Sc from the opex even after making the capital investment may make sense to balance global supply. This project does potentially make Niocorp the largest Sc producer in the world.
Maybe this is somewhere in the report, but I have not found it.
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