@Scarpa Morning mate, 100% :) Mate if you find more than what...

@Scarpa Morning mate, 100% Mate if you find more than what you thought you hadLol.

About Niobium

Niobium (Nb) is a lustrous grey, ductile transition metal, with a high melting point and relatively low density; it also has super conducting properties. Previous to 1950 it was also called columbium (Cb).

There are only three mines in the world that currently mine niobium as their primary product

• Companhia Brasileira de Metalurgia e Mineração (CBMM): Araxá (Brazil)- produces approximately 84% of the world’s niobium
• China Molybdenum: Catalao (Brazil) – produces approximately 7 to 8% of the worlds niobium
• Magris Resources: Niobec (Canada) – produces approximately 7 to 8% of the worlds niobium

Niobium is a boutique metal with one dominant producer (CBMM), the pricing is stable. Annual demand is between 90,000 and 100,000t FeNb per year. Publicly reported price data indicates that the Nb price (per Kg contained in FeNb) has averaged around US$41.50 for the last five years, with an annual price of over US$40 achieved in 2015. If we have NIOBIUM they will want it !

Niobium is classified as a strategic metal by the USA with usage growth estimated to be 25% over the next 6 years. The current global market is approximately $3 billion p.a. (3 times the graphite market). BOOM Ramp over Lol

http://www.cradleresources.com.au/projects/what-is-niobium/