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 Sep 10, 2011 11:39am

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Post# 19029300

RE: share price

The Niobium zone at Elk Creek has a 20% higher average grade than IAMGOLDs Niobec.
.62% vs. Nioobec's .52%
Niobec is worth over $1 Billion dollars.
IAMGOLD is selling 10% of Niobec and word on the street is for $100 million. Making Niobec have a Billion dollar market cap.

Quantums Elk Creek has 131 meters of 1% Niobium, which is almost double what Niobec is feeding their mill.

I believe Quantum's Elk Creek deposit will be very profitable..

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