General discussion, page-4329

WA1 has had its run, I will not be back as a holder for the following reasons:
China controls demand and will control prices. This is the reality and no one will produce and supply HSLA steel cheaper than China.
Look at Lthium and Nickel for examples of what china can do to markets.

The demand for FeNb equivalents is a mere 150Kt per annum and CBMM has ramped up production to this level to meet expected demand up to 2030.
WA1 may prove a large high grade reserve, it is not what you find that matters, it is what you can sell and at what price. Should the Luni deposit ever be mined it will be at the highest cost of all producers.
Should China become self sufficient in Nb production as is becoming more likely each day, Luni's Nb will remain in the ground for the next million years.

A little research may be benificial to determine if a 50c wake is more likely than a $50.00 party. For those that reason that if the BEOT buys then WA1 is a sure thing, remember that the BEOT business model is based on fees and commission with roadshows and spin designed to separate clueless sophies from their money, they can't lose!

https://theconversation.com/whats-behind-the-collapse-in-the-price-of-nickel-and-how-can-the-industry-survive-223814

China is rigorously sourcing alternate resources to secure its future, if you think Luni is a one off. think again.
https://asia.nikkei.com/Spotlight/Caixin/China-s-hunt-for-strategic-new-energy-minerals

Who knows what lies beneath the sea?
https://theconversation.com/pacific-nations-are-extraordinarily-rich-in-critical-minerals-but-mining-them-may-take-a-terrible-toll-187172
https://www.washingtonpost.com/world/interactive/2023/china-deep-sea-mining-military-renewable-energy/

Bury your head in the sand if you like but WA1 is definitely no sure thing 6 uncertain years out from the possibility of producing an ounce of Nb.
Take a profit if you can or have your stop losses set?