Thanks Bas. I could not agree more.
Remember we are in sync with the steel industries and iron ore giants. That gives me the reassurance and optimism that we will not follow the path of lithium and rare earth guys. The prices of niobium oxide and ferroniobium are pretty much monopolised, and very stable. If we do break into the market, it will become a duopoly market.
It will be like picking Woolies or Coles. Both are selling similar products but the difference in prices is minimal. If we have many companies competing with each other pumping out the supply to take market share, then prices will be depressed just like lithium. If we have just 2 companies doing it, it is complementary not competition. Paul himself has said that CBMM would like to see extra player coming on the market to increase the uptake of niobium and that is the proof.
GLTA!
Thanks Bas. I could not agree more. Remember we are in sync with...
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