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NioCorp Developments Ltd V.NB


Primary Symbol: NB

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.


NDAQ:NB - Post by User

Bullboard Posts
Comment by LCP7777on Dec 27, 2016 7:03pm
118 Views
Post# 25645461

RE:RE:RE:RE:RE:RE:Preliminary Short Form $400,000 Prospectus filed on Sedar.

RE:RE:RE:RE:RE:RE:Preliminary Short Form $400,000 Prospectus filed on Sedar.
Fair enough. But is the company talking about savings in opex and capex from what the FS would otherwise say? I think reading that they will be lower than a simple PEA level estimate is a giant leap of faith from you. And its certainly not what the company has said. They have a two page risk disclosure now. Wow. I think the project could work still. I also think it needs to have very modest Scandium prices in the model or no mining funding will come. So far zero mining type funding has come. That is my main concern. Can they make a profitable niobium mine with a nice Sc kicker? That makes the mine. None of us know. Relying on "company claims of lower opex and capex" cannot be relied on. That is spit in the wind at this point.
Bullboard Posts