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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Post by RTOon Apr 13, 2015 9:49am

470 Views

Post# 23622649

After-tax IRR of 13.9% ??

NOT GOOD!! I expected a little higher but not that weak! Niobec cancelled their expansion plans a couple of days ago based on an IRR of 15%. And thats a cdn $ OPEX! The only viable deposit with better economics on the radar now is Niocan (v.NIO) with an after-tax IRR of +/- 34%, cdn $ OPEX and a CAPEX of only $200 million!

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