I'm not too keen on those blog type interviews around "met"...

I'm not too keen on those blog type interviews around "met" because they always seam to miss the point around adjusting model cut off grades to increase the overall tonnes of the deposit. This is what is done on a practical and economic side within the industry where you should announce a JORC 2012 resource within the context of current niobium prices and the geometry of the ore body in 3D (what can be mined in real life).

Emmanuel says he is expecting a minimum 2% grade resource but that's not entirely realistic.
I am looking to see a number more along the lines of 330Mt @ 1.5% Nb or even 500Mt @ 1% Nb. It is mined similar to a bulk commodity so you don't just pluck the eyes out of the high grade like you would do in gold .With consistent oxide met throughout an ore body it gives you the flexibility to strip/process and blend if need be as you move down RLs in an open pit. Sure, there will be a "high grade" resource component and that may be 75Mt @ >2% Nb or less, only time will tell and it all depends on the 3D distribution of the grade.

Very forward thinking and strategic of management to already be finishing infill drilling on what will be a measured JORC component. This allows the company to move a lot faster towards a bankable definitive feasibility study (DFS).



Have a great weekend and GLTAH!