The Japanese consortium paid $1.95B USD for 15% in CBMM in 2011. 15% of 450Mt is 67.5Mt @ 2.5% niobium.
So if we calculate that way, 50Mt @2.5% should equal $1.44B USD if WA1 can achieve that.
Happy to be corrected…
Not financial advice.
General discussion, page-2076
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