“You have no idea how much work it takes to sell niobium,” Carneiro said. According to him, CBMM spent more than two decades trying to convince China, the world’s largest producer of steel, to buy the metal. It finally succeeded in 2000. The country now buys a quarter of CBMM’s production.
Quite a success story just waiting for some investor to realize it could be possibly duplicated with the Niostar property
Their success and hard work seems to have also allowed others to enter the market without such a cost of time and capital. If Scott can raise the funds to get to a mine and produce Niobium at a quality equal to or better and at a cheaper cost it open up some serious opportunities, at a lower cost and less time than the Salles family.
The Salles Family may have created the market but by doing so they may have lowered the barriers for other to compete with them.
Perhaps Gulf Mineral should have hung in there as they were looking in the late 50's as opposed to the mid 60's.
Almost seems as they would be better off just buying the Niostar property and expanding as opposed to allowing competition.
In addition as DSU points out they have doubled their production so wonder if the 600 million is before or after that increase?
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