A good misunderstood newsI know, the SP is at low. What it means for me is simple: most of the investors don't understand the complexity of the mining and exploration companies. Even the market can go in a wrong way and that's why we see the speculators play with the emotions of the small investors.
Gold is in a slump and every gold company is going down for the 2 last weeks....and like any market, there's a couple of exceptions but the HUI index is at the low of the last 3 or 4 last months.
Niobium; who knows this metal and Tantalum; have you seen anybody on a forum talking about it and knowing what is talking about ?
Let's get a straight talk: Niobec, the solely niobium mine in North America is profitable...and I mean very profitable but nobody talks about it because it's a hidden jewel in IamGold and for the ones that are old enough it was a hidden jewel in Cambior that saved it from bankrupt before IamGold took over Cambior. Niobec is a cash cow for IamGold, but like IamGold is a GOLD producer, they focus on their gold plays when they get meetings with the analysts. But to be convinced of what I say, go to Sedar and read carefully the 3rd quarter financial report.
Let's come back to the N.R.:
1- Annual gross revenues; $ 125 M....cashfow...$ 57 M ROC 13,9 % (a good project has to surpass 12%)
2- The mining: open pit....means an easy way to get the ore in the wanted quantity ...means cheap way to get it
3- The full report will be available within the next 45 days: it means = the analysts will get a technical document to make a first evaluation
4- Right now, we get indicated resources: the last drilling campaign has been done to convert these resources in measured resources...it is very important for the analysts to judge of the economical return. At each step, you go further to transfer these resources in reserves at the end of the process.
5- The life span of the mine...a minimum of 18 years. It means the capacity to find other reserves during this time and most importantly to be profitable for many, many years ahead.
6- The area: it is where the communities need projects to get a good standing of life and the Quebec government is the most accomodative province for this type of project.
7- This is the first step of a nice project.
Conclusion; stop complaining and bashing without knowing: get all the info. you can get on the WEB about the future of Niobium and Tantalum.