General discussion, page-10332

The reality is that WA1 does not need ENR as much as ENR needs WA1. ENR is now approaching 40% of WA1's market capitalization, a substantial valuation for an exploration company without a significant deposit identified.

The amount of niobium found by ENR is comparable to what WA1 had when they were valued at $250 million. The notion that one should switch from WA1 to ENR for greater gains ("more bags") is flawed. Metallurgical characteristics can vary significantly over just a few kilometers, and ENR has not disclosed any information about potential deleterious elements. Additionally, their intercepts are much deeper below the surface.

ENR would be more beneficial to WA1 if they were to discover another Tier 1 resource, such as a copper or gold deposit.

The West Arunta/Niobium companies remind me a lot like shire workers where one person is doing the work while everyone else is just standing around watching (RCR, CGN, SUM). I must admit ENR has done a lot of work recently (They can be the guy on the left holding the other shovel getting ready to get in and lend a hand)