Hard to say I'll probably stuff up the calcs, I'll give ya IGV based on "recoverable" ore.
If the phosphate was turned into DAP, at this stage its USD$22bil i think (someone posted about this earlier)
I did a little model about about the fertiliser aspect and the cost to produce was around 50% of sale price.
With the niobium, if we assumed 53.5% recovery (very conservative) theres around 1mt of nb205.
So recoverable IGV is $11bil USD for phosphate to DAP
Then nb205 1million tonnes X sale price.
With all these wannabes and "new hopefuls" spec stocks im looking more closely at recoverable tonnes.
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