NioCorp Developments Ltd V.NB

Primary Symbol: NB

Metals & Mining Industrial Metals & Minerals

NioCorp Developments Ltd. is a mineral exploration company. The Company, through its subsidiary, Elk Creek Resources Corporation, is engaged in the acquisition, exploration, and development of mineral properties. The Company is developing a superalloy materials project namely the Elk Creek niobium/scandium/titanium property (the Elk Creek Project). The Elk Creek Project is located near Elk Creek, southeast Nebraska, the United States of America. The Company's Project is located approximately 75 kilometers (kms) southeast of Lincoln, Nebraska and 110 kms south of Omaha, Nebraska. The Property consists of 226-acre parcel of land owned along with eight option to purchase agreements (OTP) covering approximately 565 hectares (ha). The Company's Elk Creek Property is a niobium, scandium, and titanium exploration project. The Project includes the Elk Creek carbonatite (the carbonatite) that intruded older precambrian granitic and low to medium grade metamorphic basement rocks.

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NioCorp Developments Ltd

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Comment by martinishakeron Oct 18, 2011 3:40pm

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Post# 19160502

RE: Elk Creek Deposit

10 years of mining $460 a tonne of rock is more than enough to be economic.

Of the current 80 million tonnes of .62%, Quantum probably has 10-20 million tonnes or more of 1% grade.

That is 4.6-9.2 billion dollars of $460 a tonne of rock. Which is 5-10 years at that grade.

All the infrastructure is already in Elk Creek. A simple shaft and mill is all that is required. Probably less than 400 million to get going. They should be able to pay that back in less than 3 years.

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A junior copper-gold stock trading at a bargain of monumental proportions