This morning Research as a Service (RaaS) have published on Globe Metals & Mining (ASX:GBE) which is advancing its Kanyika niobium project in Malawi, east Africa.
RaaS posted on their LinkedIn, the key points from their report: Several milestones are expected to progress in 2024, including a pilot plant, an updated Definitive Feasibility Study, offtake agreements and capital raised for the first phase; First production from Phase 1 is planned for Q4 CY25, according to GBE; Life of mine revenue is forecast to be US$4.79bn and LOM NPAT US$2.68bn.
On a post-tax NPV (8%), GBE is trading at a significant discount to a group of Australian peers advancing niobium projects.
See the report below: