"I dont know about that amitz. The only thing to shake the shackles off this is to derisk. yesterday was a huge derisking event."
Do you honestly believe the production of 500 grams of lab produced ferro niobium sourced from cherry picked, unrepresentative met samples that will unlikely represent future ROM feed is a huge derisking event?
I think a little endowment bias is clouding your judgement!
Luni is world class, the grades within the deposit are highly variable, met samples gathered so far have not taken into account this variability. Future planned composite samples from many holes will give a true picture of likely ROM feed and will be a derisking factor, until then the highlighted met results are meaningless.
Do not write off the neighbours just yet, we could end up with two mines producing 15,000 tpa of concentrate each from similar grades.
A long uncertain journey ahead is the only certainty here!
WA1 Price at posting:
$15.60 Sentiment: None Disclosure: Not Held
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