WA1 7.83% $19.28 wa1 resources ltd

This is a good question. I'd love to hear a definitive answer if...

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    This is a good question. I'd love to hear a definitive answer if someone has one, particularly if the mineralogy is relevant. There's a niobium thread on the LYC forum, and a few other mentions if you search. All I have gleaned is that it's not a strategic priority - LYC is a $5b cap, and it's primarily invested in the central REE core deposit at Mt Weld, not the Crown deposit where the niobium is hosted. Presumably the Luni discovery has furthered this strategic devaluation - hard to measure this directly, but take Niocorp in the US as an example - publicly listed w/ 190Mt @ .5%, market cap down 70% in the last 12 months.
 
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