All changing now. waiting for others has been replaced by action by the company. Many good things taking place.
1. Successful processing method to process the Niobium extracted from the ore was recently achieved in Houston.
2. Drilling on the property is currently underway which will allow the twinning of 5 holes. This will allow the company to move the historical reserve of billions to a indicated or higher level of reserves according to NI 43-01 standards. The processing above is what may allow the historical reserve which is billions of dollars of niobium to move beyond indicated status.
3. The upcoming NI report that is a result from the twinning of the holes where the historical drill cores are missing that allows the historic reserve to become a compliant reserve under Ni43-01 standards will also allow such a reserve of billions to become a balance sheet item. This will open up traditional financing methods to the company.
4. Next the company will build a pilot plant that will allow fo the processing results successfully completed in Houston to be proven on a commercial scale and the company will begin commercial mining later in 2014.
5. Along the way financial audits and the new Ni compliant report will allow the company to uplist to the Toronto exchange which is the capital of mining in around the globe. Something that couldn't be achieved previously without a Ni Compliant reserve that wasn't historical.
So the company is now again moving full steam ahead and bring this awesome project to market.
The no longer need a JV partner like the SOE, they already have the metallurgy report the SOE couldn't deliver. No pinky play here.
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