Niobium Market Fundamentals, page-5

Excellent! thanks for that feedback Countervin and Galena72.
So if we now refine from previous assumptions:

Insitu mineral value = 330Mt @ 1.5% Nb (have to guess a mean grade here - basically trying to smooth the high grade pockets across the tonnes = 4.95Mt Nb x 24,000 USD/tonne = 118.8 billion dollars contained life of mine Nb metal
After USD to AUD conversion = 184.26 billion dollars
After 2.5% for predicted MC = 4.6 billion AUD
Thus there is still 16.5 bagger potential here over a 1-5 year horizon

I am predicting it will outperform CHN in the long run. Good luck getting that thing off the ground without a 1.5 bln dollar smelter haha
WA1 doesn't have those problems. Roasting to convert to Ferroniobium from concentrate stages can be done on site.
In addition, supergene ore is a lot cheaper to process due to less metallurgical complexity in the flow sheet compared to underground ore. See niobec journal articles for comps.