Estimated niobium pentoxide (Nbâ‚‚Oâ‚…) content ranging from 150,000 to 300,000 tonnes. To estimate the potential value of this resource, we can use the current market prices for niobium pentoxide.
As of February 28, 2025, the price of niobium pentoxide (99.5% purity) is approximately $51.44 per kilogram, equivalent to $51,440 per tonne.Â
Using this price, the estimated value of the contained niobium pentoxide in the Stinger Exploration Target would be:
•Lower Estimate: 150,000 tonnes × $51,440/tonne = $7,716,000,000
•Upper Estimate: 300,000 tonnes × $51,440/tonne = $15,432,000,000
Therefore, the potential value of the niobium pentoxide in this resource target is estimated to be between $7.72 billion and $15.43 billion.
Completely academic (& wonderful) numbers straight out of Chat GPT so dyor and math. But I wonder if this announcement has a lil bit to do with the recent week or so of SP appreciation.
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