Assume NST offered AP $15m. It's not much of a payday for him (he'd net around $3m then cop a big tax hit) considering he's had the tenements for years and can apparently can get into production via HL relatively cheaply.
He's better off playing the long game - should never have stopped drilling. Has squandered a bit of cash to get Brazil up and running, but all in hindsight I guess. Wouldnt have cost him much to keep his rifmg there punching holes into the ground, albeit slowly.
Ann: Brazil Niobium Exploration Update, page-49
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