MDA approval = Multi-bagger for GBE

Just thought I'd start a thread that looks at the positives of GBE.

• Study outlined an impressive total EBITDA figure for a fully developed operation of US$3.74 billion across an initial mine life of 23 years, with the likelihood of 35 years LOM.
• The proposed mining and processing operation at Kanyika is tipped to produce about 11,300 tonnes of niobium and tantalum concentrate per annum. Ore reserves of 33.8 million tonnes grading an average 3,048 ppm niobium pentoxide and 141 ppm tantalum pentoxide
• GBE would become the 4th largest producer of Niobium, with a high cashflow, low-cost open cut operation with access to infrastructure.
• From Resource Capital Research

RCR's 12-month price target is A$0.60, and with an after tax project NPV of between A$0.58-A$1.23 per share, we see considerable upside potential as the project proceeds to development, particularly once financing is progressed.

The project is suited to investors who take a view the current niobium-tantalum demand can be increased in future, led by new technology uptake and are looking for a relatively lower risk, medium capital cashflow opportunity with some exploration upside.Probably missed a fair bit, but IMO it's impressive and worth a punt on.