The tenements are prospective enough but appetite for the Brazilian niobium thematic is showing increasing signs of fizzling out with ASX punters. Recent market reaction to Nb related newsflow from SUM & PNN, two cases in point.
Brazil is undoubtedly super rich with minerals and new discovery opportunity but it might be a more suitable playground for well capitalised companies.
Would be more sensible for AP to reprioritise the gold assets for cashflow generation now especially on the back of the booming $A gold price.
The Brazilian potential can always be revisited later for a bit of exploration x- factor. By that stage the markets will also know how well the fabulous Arunta West niobium discoverers survive an inevitable price discounting offensive from the incumbent Nb monopolies.
The tenements are prospective enough but appetite for the...
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