WA1 is not the 2nd largest Niobium Mine Anywhere. IT IS NOT EVEN...

WA1 is not the 2nd largest Niobium Mine Anywhere. IT IS NOT EVEN A MINE !!!!

It likely never will be....IMO.

Australia has ZERO Niobium Mines !!!!

That was only an "initial Inferred MRE"

So they will need to do more drilling and
do further surveys & do "MRE's" as time goes on.

Do a feasibility study,
Work out their transport cost,
Which in WA1's case will be huge as it is in one of the furthest places possible from a port,
Then they need to Plan and Build a Refinery,

Then there's the fact that WA1's ground is in Australia,
Where their is a lot of red tape, permits, and studies required.
Like Flora and Fauna,
Native Title,
Environmental studies,
And more....

So maybe in more than 5 - 10 Years,
WA1 may be ready to submit a request for a Mining Licence.

By then SUM will likely already be Mining,
Due to things just happening faster in Brazil,

And the fact that:

The Geo has done it before,

Geo has actual experience with Niobium and Niobium Mines,
As well as refineries.

80% of the World Niobium comes from Brazil,

There are Refineries there,

It is closer to Transport,
&
Brazil has a quicker and more efficient approval process....