Agree. It's fine to have a small punt on some of the many...

Agree. It's fine to have a small punt on some of the many nearology wannabes (I have too), but 98% of my portfolio is still WA1. The odds of the wannabes finding a decent ECONOMIC niobium deposit in the same region as WA1 are very small. Anyone who believes otherwise has fundamentally misunderstood the nature of niobium mineralisation. WA1's initial discovery was something of a fluke, and the factors that have to come together to make a high grade deposit like Luni are many and complicated. That's why there are so few around the world. More likely that RCR will hit a decent IOCG deposit than anything else, which is hopefully still enough to make some $$$ if the Arunta develops into a new mining region (as seems likely).