PhosCan Chemical Corp PCCLF

Somebody else's niobium

[garpike]

Whatever happened with the FOS niobium evaluation?

Here is today's IMG NR. For half a second I thought id might deal with FOS:


Independent Technical Report Confirms IAMGOLD's Niobium Mine Potential with a 691% Increase in M&I Resources and a Net Asset Value for Niobec of Up to $2.0 Billion

TORONTO, ONTARIO, May 4, 2011 (Marketwire via COMTEX News Network) --

All amounts are in US dollars, unless otherwise indicated.

IAMGOLD Corporation ("IAMGOLD" or "the Company") (TSX:IMG)(NYSE:IAG)(BOTSWANA:IAMGOLD) today announced the results of an independently prepared NI 43-101 compliant preliminary economic assessment ("PEA") on the Company's wholly-owned Niobec niobium mine in the province of Quebec, Canada. The PEA shows a significant increase in the measured, indicated and inferred mineral resource estimates at Niobec with the potential for a significant production expansion. The PEA examined the impact of changing the existing underground mine to an alternative bulk mining method. IAMGOLD technical personnel then compared the economics of the open pit scenario and a block caving scenario (the "Study'). The work done on the PEA and the Study will be advanced in a 2011 pre-feasibility study to confirm the potential upside of Niobec.   etc .....