What ENR shows is that the entire area is very fertile for Niobium carbonatites and probably means further discoveries in the general area, of which WA1 and ENR hold the majority of the ground.
It also enhances our discoveries by adding tonnage of high grade mineralisation for whatever processing plant is set up in the area.
A 100m zone of high grade ore is very good for open cut mining as you can get to a reasonable depth with the strip ratio being kept low. The odds of the weathered material going deeper than 200m is fairly low, for when they do the RC/diamond drilling.
ENR and WA1 should be working together in the future with some type of arrangement so that only one processing plant eventually gets built, not 2 like happened at Pilgangoora with Pilbara and Altura both building lithium plants adjacent to each other. (making the assumption ENR find more, which is highly likely).
I don't consider ENR to be overvalued, what their discovery has done is highlight how undervalued WA1 really is!!
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