Niocorp Developments Ltd (NB)

[freedom5]

Great news! Updated filings from Nov 10th show 2,762 tons of raw material mined daily! And this yields an EBITDA OF $389 million per annum.
Now remember with current infrastructure in place Niocorp can mine about 5,000 tons of raw material per day! Almost double!!
Now there would be some increased variable costs of course but ALL fixed infrastructure costs would not be increased. In other words probably 450 million or more additional money would go to EBITDA say a total EBITDA of $750-850 million per year!
This project is absolutely scalable with Zero further resource assessment!! I hope everyone is understanding this!!
Oh yeah at 2,762 tons per day the indicated resource allows for mine to last 220 years !!! That's correct!!
At 5,000 tons per day about 105 years!! And that's with no further assessment!! And we know for CERTAIN THERE IS MORE AND THE GRADES ARE RICHER AT DEPTH!!
Bottom line, this is an incredible opportunity!! Problem is underground mining takes patience and time!!
Remember the reason Niocorp chose to mine only 2,762 tons per day was to get capex hopefully under 1 billion or barely over which they achieved!!
They could mine 10,000 tons per day!!
But capex would scare people!! Once the mine is producing all bets are off !!! No one will be scared any more!! We just have to put up with other until 2022-2023!! Then it will be all hugs, high fives and cartwheels!!
Champagne, caviar and yachts for some !!!