Hard to say I'll probably stuff up the calcs, I'll give ya IGV...

Hard to say I'll probably stuff up the calcs, I'll give ya IGV based on "recoverable" ore.

If the phosphate was turned into DAP, at this stage its USD$22bil i think (someone posted about this earlier)

I did a little model about about the fertiliser aspect and the cost to produce was around 50% of sale price.

With the niobium, if we assumed 53.5% recovery (very conservative) theres around 1mt of nb205.

So recoverable IGV is $11bil USD for phosphate to DAP
Then nb205 1million tonnes X sale price.


With all these wannabes and "new hopefuls" spec stocks im looking more closely at recoverable tonnes.