Niocorp Developments Ltd (NB)

[douginil]

I couldn't agree more Freedom5.

A year or so ago management informed us that the Sc ore is closely intermixed with the Nb ore not in pockets of Sc ore. However, once the mine is built the additional drilling may (hopefully) start locating mineable locations which are richer in Sc ore and maybe even the higher weight Rare Earths.

In my mind the demand for Sc will build rapidly and at the higher $/kg use. I suspect the material from the Australian mines will be more suited to throwing into an Al refining furnace to make the lower $/Kg auto/aircraft Al alloy.

Our 3N's SC (99.9% pure) (and possible 4N's) can be scrubbed of harmful trace elements. I have faith that our management knows what the trace elements are in our Sc and know the incremental cost to scrub will yield an incremental increase that will yield a high ROI. This is probably the reason for the $/kg which is used in the report.