The land option contracts all expire within a year. The most significant ones all expire within 6 months. I don’t think the terms of any of them are public info but I’m working to confirm.
If one wishes to analyze this project they should look at the economics less the Scandium. One should then take the time to study the projections and cost of production of the other potential scandium producers and only then make a decision as to whether NB’s assumptions seem valid. Hint: NB assumes pricing 2-3 times higher than anyone else with costs up to 10x some of the others. By their own admission, the project is not “bankable” with scandium sales. The FS also assumes that the worldwide Sc market will instantly increase 10x upon production.
One should also check their PM’s tomorrow at 3pm while they are free to to all members.