The impression that I got from Paul was that Luni is not of a similar size to CBMM’s mine in Brazil. Paul described CbMM as a “monster ore body”. I guess we will know more about Luni when the MRE comes out. If Luni has approx 2.0% grade of niobium and about half the size of the reserve of the Brazilian mine, I would definitely be most happy about this. This would still make WA1 the number two mine for niobium in the world. Of course, I wouldn’t complain if the MRE exceeds my estimates, however just want to temper my expectations.
The impression that I got from Paul was that Luni is not of a...
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