[Chaka]

Thanks for clearing it up..

( OS ) I meant the TOTAL OUTSTANDING SHARE structure for SCY or SCYYF?

[BL4Nio]

SCYYF is the symbol on the OTCBB.

It is a grey market on the OTCBB because while you can buy/sell it on that exchange, you cannot see bids/offers on the depth of market for Level2. Trades will print and you can see Time & Sales, but no Level 2 depth of market is provided.

Not sure what you meant by "Anyone here know what's the OS of SCY?"

OS = Operating Schedule???

[Chaka]

So, is SCY ONLY on TSX?

Q...

Why is OTCmarkets.com has Scandium Mining Corp as GREY market?

Anyone here know what's the OS of SCY?

Tia!

[Kaseymoe]

Magnesium-Scandium alloy retains memory - article details new use for Scandium:

http://www.asianscientist.com/2016/07/tech/lightweight-shape-memory-magnesium-scandium-alloy-aerospace/

[Kaseymoe]

All quiet on this SCY board for two months - unusual. What's the next milestone?

[Photonics_Guy]

Here's a blog from Greg Klein remarking on a recent article by John Kaiser from Kaiser Research Online.

Link: http://resourceclips.com/2016/06/09/opportunities-in-adversity/

Opportunities in Adversity

John Kaiser Talks Trump, Turmoil, Gold, Scandium and the Juniors
by Greg Klein

It’s said to be an ancient Chinese curse: “May you live in interesting times.” Much about our own epoch obviously interests and probably fascinates John Kaiser. But he might be accused of ambivalence for the silver linings he sees among the gathering clouds. The analyst and creator of Kaiser Research Online spoke with ResourceClips.com on a range of subjects, but with mineral exploration always in mind.

On Gold’s Rally

This one has a stronger foundation than previous upswings, Kaiser believes. Chinese aggression, Russian expansionism, Middle East volatility, Brazilian instability, the possible Brexit and the chances of a Donald Trump U.S. presidency all mean “we’re looking at an extremely turbulent world,” he says. “There’s good reason to expect gold to go higher as capital starts to hedge against all these gloomy scenarios.”

That could push prices between $1,600 and $2,000 in the next year, he maintains. “And if that’s happening in the absence of any inflation, that really leverages those ounces in the ground that the juniors have and makes operating mines more profitable. Even for exploration companies it lowers the bar for what counts as a new discovery.”

On the Juniors’ Rally

Kaiser attributes this year’s rebound partly to gold, but also to renewed interest in discovery exploration.

“I’m very pleased that the rally that started the third week of January did not succumb to the PDAC curse and slow down,” he says. “By May everything’s usually in the garbage can before the summer doldrums. We’re not seeing these substantial gains continue that we saw from February to April, but we haven’t seen the markets give up the gains either.

“We’re probably not going to see a roaring global economy driving up demand and catching supply off guard like we did during China’s supercycle. However, as this world gets more belligerent, we could see massive disruptions of supply.”

That would bring greater concern about jurisdictional risk for vital commodities. “An opportunity for the juniors would be to seek out existing deposits of these metals. They might not be worth developing now, but they could be treated by the market as leveraged bets on these big-picture geopolitical outcomes.”

On the Donald

A Vancouver native who’s spent 26 years in the U.S., Kaiser’s firmly among those who consider that country’s anti-establishment presidential contender an outrage.

“He’s basically touching on all the latent prejudices and biases of the country,” says Kaiser. “But another reason people will vote for him is he is not an anti-Keynesian. He and Hillary Clinton both understand that to get America cranking again we need fiscal stimulus in the form of infrastructure renewal. The Republicans have blocked anything along those lines….Trump could prove to be a giant wrecking ball for the stalemate that characterizes Washington. That could put him into power.”

But Kaiser wonders if Trump has a hidden motive to his campaign strategy.

“This guy is an extremely smart person and it’s possible that everything he says is just BS designed to manipulate the public. It’s like he’s satirizing everything. And if he ever did get into power, well first he’d have to deal with the limitations that congress imposes, but once he’s in power he might change his tune and discover all these reasons why it’s not practical to do all the stupid things he said he would do.

“The frightening thing is, what if this sub-narrative is wrong, that the man is indeed insane or worse. Or that he ends up being co-opted by the truly insane in the background, who make him the lever on all the insane stuff that he said, because he is just a human being and he has no true power structure. It would be a reverse takeover of Trump.”

Kaiser downplays the possibility of a Trump presidency meeting an extraordinary end—for example assassination, an establishment putsch or a distinctively American court order annulling the election.

But “whether it’s Hillary or Trump, tensions with China and Russia are on an increasing trajectory,” he says. “That would be good for gold and good for the juniors.”

On the Scandium Field of Dreams

“The problem with scandium—and it makes me want to tear out my hair that the market doesn’t get it—is that the uses for scandium have been understood for 30 or 40 years.”

Used for aluminum-scandium alloys and solid oxide fuel cells, the rare earth element also finds its way into ceramics, electronics, lasers, lighting and radioactive isotopes, according to the U.S. Geological Survey. The stuff is widely abundant, but rarely in concentration. As a result it’s mined as a byproduct in China, Kazakhstan, Russia and Ukraine, producing just 10 to 15 tons a year, the USGS states.

But if supply could grow, so would demand, Kaiser says. The aerospace and automotive industries would be prime customers. “The highest-grade deposits have been around 70 or 100 ppm, as in the Zhovti Vody mine in Ukraine, where the Soviets got scandium to build their airforce fleet. But nobody else has been able to produce a very meaningful supply that is scalable.”

That’s changing as two advanced Australian projects lead the way, Scandium International Mining’s (TSX:SCY) 80%-owned Nyngan project and Robert Friedland-backed, ASX-listed CleanTeQ Metals’ Syerston project.

“The difference these discoveries made is their 400-ppm grades are well above the 200 or 250 ppm you need to produce the stuff at $2,000 a kilo,” Kaiser explains. “At $2,000 a kilo it starts making sense to use a scandium-aluminum alloy. By being able to demonstrate that these deposits have long-term supply, they can produce as much scandium as you want if you’re willing to pay $1,500 or $2,000 a kilo. That will coax demand off the sidelines.

“The next few years will be interesting because those companies are going to try producing 35 to 40 tonnes a year. If they can succeed in demonstrating that they’ve got the recoveries figured out, they’ve got the costs figured out, they can scale these things each to about 150 to 200 tonnes of output, that will set the stage for all kinds of plans to utilize it. It’s really a Field of Dreams where if you build it, they will come.

“But you have to understand that there are all these applications for scandium that can’t be commercialized unless there’s a reliable, scalable supply.”

[Photonics_Guy]

Hey Folks - I prepared some financials using the SCY DFS as a baseline while doing my DD on the stock. I thought the board may find the numbers to be of interest. I've prepared similar financials for Excelsior and NioCorp if you want to search on my handle on those boards.

The financials use three scenarios, Base/Optimistic/Pessimistic, as described below:

1. Base: $2000/kg Sc2O3
2. Optimistic: $3000/kg Sc2O3
3. Pessimistic: $1500/kg Sc2O3

[TMLonggun]

http://investorintel.com/technology-metals-intel/putnam-now-on-fast-track-to-worlds-first-primary-scandium-mine/


P.S. I did not find the arguments from the "be wary" article to be very convincing, the comments at the bottom were interesting though.

[Kaseymoe]

Recent articles and reports on the scandium theme:

MiningTechnology.com
"Nyngan Scandium Project, New South Wales, Australia":
http://www.mining-technology.com/projects/nyngan-scandium-project-new-south-wales/

InvestorIntel.com
"Lifton Asks If Scandium Is The New Gold?
http://investorintel.com/technology-metals-intel/lifton-on-scandium-as-the-new-gold/

seekingalpha.com
"Be Very Wary Indeed Of The Coming Excitement About Scandium"
http://seekingalpha.com/article/3968906-wary-indeed-coming-excitement-scandium

sedar.com
FEASIBILITY STUDY - NYNGAN SCANDIUM PROJECT NI 43-101 Technical Report
http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00025324
Scrolll down to May 6th to download the 278 page PDF File

rjw/mkc

[TMLonggun]

Old:
PEA HIGHLIGHTS:

Capital cost estimate for the Project is US$77.4 million,
Operating cost estimate for the Project is US$636/kg scandium oxide,
Oxide product volume is 35,975 kg per year,
Project Constant Dollar NPV10% is US$175 million, (NPV8% is US$217 million),
Project Constant Dollar IRR is 40.6%,
Oxide product grades of 97-99% are estimated, and
Scandium recovery estimate is 84.3%.

To the more up to date DFS:

FEASIBILITY STUDY HIGHLIGHTS:

Capital cost estimate for the Project is US$87.1 million,
Operating cost estimate for the Project is US$557/kg scandium oxide,
Oxide product volume averages 37,690 kg per year, over 20 years,
Project Constant Dollar NPV10% is US$177 million, (NPV8% is US$225 million),
Project Constant Dollar IRR is 33.1%,
Oxide product grades of 98-99.9%, as based on customer requirements,
Project resource increases by 40% to 16.9 million tonnes, grading 235ppm Sc, at a 100ppm cut-off in the measured and indicated categories, and
Project Reserve totalling 1.43 million tonnes, grading 409ppm Sc was established on part of the resource.

Looks like a very impressive project. Should be easily financed, conservative 3 year pay back on the low side of production. Super high grade reserves, about $600 million in easy pickings. 400 ppm = $800 per tonne. Scandium bonanza?

http://www.scandiummining.com/s/newsreleases.asp?ReportID=745646

George Putnam, CEO of Scandium International Mining Corp. commented:

"The Company is pleased with this very solid feasibility study result, and with the quality of the development work it represents. We now have a project plan we can execute on, and a considerably more mature development schedule on which to seek additional scandium customers. We also now have what we believe to be a financeable platform with which to engage in construction funding discussions. This accomplishment brings us a significant step closer to building the Nyngan Project and producing scandium for what we know to be numerous waiting markets."

William Harris, Chairman of EMC Metals, commented:

"Delivery of this feasibility study represents an important strategic milestone for the Company in that SCY has the first primary scandium project to complete metallurgical, engineering, and economic investigations and bring a viable feasibility study to the marketplaceSCY has the first primary scandium project to complete metallurgical, engineering, and economic investigations and bring a viable feasibility study to the marketplace, and do so in full view of both scandium investors and future customers."

"Pricing Assumptions

The price assumption in the feasibility study is US$2,000 per kilogram (kg) of scandium oxide product, as an average price covering all product sold, over various product grades. Current market pricing, such as that can be established, is substantially above these levels based on small unit quantities and varying grades. This product pricing benchmark applied in the feasibility study remains the same as was applied in the 2014 Preliminary Economic Assessment ("PEA") on this Project, and for the same reasons. In order to encourage a viable, over-subscribed and vigorous scandium market, across numerous applications, product suppliers will need to provide for adequate supply of quality product, available from trusted jurisdictions, at prices lower than product trades for today.

In addition to limited publically available price quotes for scandium oxide, the feasibility study notes two other reference points on the US$2,000/kg price assumption. The Company has an offtake agreement in place, for 7,500 kg/year (3 years), with pricing being supportive of the pricing assumption in the feasibility study. The customer is a knowledgeable alloy group, with longstanding interest in aluminum-scandium alloys. The feasibility study price assumption is also supported by a recent, independent marketing report that examines the 10 year scandium supply/demand outlook, and includes scenario-based 10 year price forecasts. The details and contents of this market outlook report will remain confidential, but select information will be included in the feasibility study. Both of these reference points support that the scandium value proposition for customers/consumers is valid at this price level."

"CONCLUSIONS AND RECOMMENDATIONS

The production assumptions in the feasibility study are backed by solid independent flow sheet test work on the planned process for scandium recovery. The report consolidates a significant amount of metallurgical test work and prior study on the Project, including important test work results completed since the PEA was generated in 2014. The entire body of work demonstrates a viable, conventional process flow sheet utilizing a continuous-system HPAL leaching process, and good metallurgical recoveries of scandium from the resource. The metallurgical assumptions are supported by various bench and pilot scale independent test work programs that are consistent with known outcomes in other laterite resources. The continuous autoclave configuration, as opposed to batch systems explored in previous flow sheets, is also a more conventional and current design choice.

The level of accuracy established in the feasibility study substantially reduces the uncertainty levels inherent in earlier studies, specifically the PEA. The greater confidence intervals around this Technical Report are achieved by reliance on significant project engineering work, a capital and operating cost estimate supported by detailed requirements and vendor pricing, plus one offtake agreement and an independent marketing assessment, both supportive of the marketing assumptions on the business.

The feasibility study delivers a positive result on the Nyngan Scandium Project, and recommends the Project owners seek finance and proceed to construction. Recommendations are made for additional immediate work, notably to win additional offtake agreements with customers, complete some optimizing flow sheet studies, and to initiate as early as possible detailed engineering required on certain long-lead capital items."

[TMLonggun]

I think the tagline they use repeatedly is that they will be the largest primary scandium mine in the world, so Niocorp isn't even in the running.

Although Nio's scandium is small tonnage relative to their other ops it is a large % of their expected income. I think niobium prices have fallen a lot lately so they will hype their scandium even though it isn't correlated to their niobium geology. Just my quick BoE shows about 225m of niobium and ~200m in scandium. So that is almost 1:1 with the company's namesake.

CLQ and SCY are nearly infinitely scaleable primary scandium mines with giant, super high grade deposits at surface with low development cap ex. Nio has large capex, much lower grades, and a bunch of other hurdles to overcome so it is a matter of ease. SCY and CLQ can produce infinite scandium easily while Niocorp's scandium hopes depend on a much more complex thesis and geology. Nio might even end up the big winner depending on how successful they are at cracking the geology and mining scandium (and potentially avoiding lawsuits). How they operate in an environment of say low Nb high scandium prices would be interesting. A domestic supply for scandium in the US would be critical for defense and advanced industry and there is more than enough demand for all the first movers to produce until their hearts are content. In twenty years there will probably be operating scandium mines on most continents, but like with any mineral the highest grade deposits in the best areas will be exploited first.

Nio might even be able to bill themselves as a zero/low cost producer which is always a huge marketing boon. If scandium pays for the niobium or vice versa. I don't know how this story will end and who will be crowned the ultimate victor but the future is definitely bright for those first few companies to produce at a profit and supply a long sought after commodity to the market.

[Kaseymoe]

Here's a March 2016 article in Proactive Investors on NioCorp's Elk City Nebraska project:

http://www.proactiveinvestors.com/companies/news/123149/niocorp-plans-the-usas-biggest-niobium-and-scandium-mine-123149.html

Nothing new to those who follow Nb.

The very small town of Elk City is about 100 miles northwest of Kansas City Missouri - my home.

The article doesn't mention the relative importance of niobium to scandium for the project but from the NioCorp website company estimates ... "anticipated production of 7,490 tonnes per annum (tpa) of Ferroniobium, 97 tpa of Scandium Trioxide, and 23,960 tpa of Titanium Dioxide over its 32-year operating life. Thus very small contribution from the scandium.

Is company on firm ground when saying repeatedly that they'll be the largest Scandium producer in the world?

[SagittariusA]

Shoudln't the BFS be out by now? I'm getting a little impatient

[SagittariusA]

SCY has a booth at PDAC http://www.pdac.ca/convention/programming/investors-exchange?startsWith=s

Someone from the Niocorp board told this. This stock also went up with huge volume but it asumed that this is due to the buying from some folks from Germany where Niocorp was promoted. Most of the people on the other board seem to agree that this inrease in SP was not corrolated.

[TMLonggun]

Why did SCY go up 41%? I see no news. We are getting close to some progress PRs, which should support us. I was very surprised we pulled back as far as we did. These (upcoming) PRs shouldn't have much effect since they are known about a year in advance but the same thing has happened a few times over the years. This stock has such low visibility and a small s-base that the PRs tend to make the price rise more than I would normally expect. 11 cents for this company at this stage of development is madness of the highest order.

DFS with awesome economics coming, along with a positive EIS and more off-take agreements. Anyone selling for less than high 20s or 30s has not been paying attention to the scandium story.

[Dutch123]

Thanks futrcash for you positive thoughts.

I'm also long on SCY and I look forward to the DFS in March 2016. It's a pity that the company sends out so few news releases, but perhaps this is common in this phase of the project. Your thoughts on this?

There are another things that keep puzzling me. Maybe you can help me with this. I found an interesting article in the Nyngan Observer, dated January 20, 2016 on the meeting held on December 2, 2015.

http://www.nynganobserver.com.au/story/3675726/local-jobs-predicted-from-new-venture/

1. It's just writing down what other people said. Why did it take 7 weeks to publish this article?

2. There's a part where George said: “You can build with it way faster than we can supply it. We have more customers than product". Could it be that there are offtake agreements signed, but because of NDA's (non-disclosure) we don't get to hear about them until they are disclosed in the DFS? Are there examples of this?

GLTA

[futrcash]

thanks-

I've had several long conversations with George Putnam over the years,and remain a shareholder.

Unfortunately they had to sell the Nevada tungsten mine,and mill,but having prevailed in the lawsuit over the Australian scandium mine, saved the company,and I believe shareholders here will be rewarded for their patience.

futrcash

[douginil]

Article posted Jan 15, 2016

Scandium International to break scandium supply barrier

In April 2015 the Wall Street Journal reported scandium as hot topic in the mining industry with an annual market worth roughly $50 million from 10-15 tons. - See more at:

http://investorintel.com/technology-metals-intel/scandium-international-mining-corp-tsx-scy-break-scandium-supply-barrier/#sthash.WGDdqW4C.dpuf

[SagittariusA]

Looking good today
Does anybody have a glue where this momentum is comming from?

[Dutch123]

Hi longgun, thanks for your analyses and observations! I agree with your final remark. Maybe it's also impatience... @ 0,14 SCY is a nice buying opportunity.
Good luck to the longs.

[TMLonggun]

Clean TeQ's Resin-In-Pulp pilot plant for scandium extraction on Clean TeQ's Syerston ore in action.

Looks like a nice little plant, too bad it is 3000 km away from their mine site.

RIP VS HPAL or both? At first I thought they (CLQ) were going a slightly different route to bypass our patents. Upon closer inspection the SCY and CLQ processes seem to be nearly identical. I hate the patent system but SCY does deserve them based on how much time and money they spent to develop the tech that everyone will rip off in short order although CLQ could easily argue they developed similar tech over the years.

Some info on the processes:

High Pressure Acid Leach (HPAL)

"HPAL technology enables the recovery of nickel (and other metals) from nickel oxide ores that traditionally were difficult to process. The oxide ores are subjected to high temperature and pressure and reacted under stable conditions with sulfuric acid to produce a nickel-rich refining intermediate." -SMM

HPAL of stubborn laterites:
http://www.sciencedirect.com/science/article/pii/S0892687511001786


"Cyanide leaching has been the industry standard method for recovering gold from ore for decades, and SGS continues to remain at the forefront of this very successful gold recovery technology.

Carbon has been traditionally used to recover gold from cyanide leachates, but recent technological advances have resulted in the use of resins as a highly efficient and cost-effective method of gold recovery. SGS has the expertise to help you develop a gold flowsheet that optimizes gold extraction, gold recovery with reasonable operational costs and environmental sustainability.

SGS project managers can work with you to develop an effective flowsheet for your gold operation. Starting at the scoping or bench scale, we will design and demonstrate a testing program that will define and optimize the crucial gold recovery parameters including mineralogy, kinetics and chemical constraints.

Whether your final flowsheet uses carbon or resin technologies, the data gathered by SGS will enable you to make important operational decisions and provide capex and opex information for your feasibility study.
Carbon Technologies to Recover Gold
CIP (Carbon-in-pulp) / CIL (Carbon-in-leach) / CIC (Carbon-in-columns)

SGS metallurgists developed and continue to improve on these cost-effective, time-tested and proven processes. In each, activated carbon is used to extract gold from the cyanide leach solution. Such a carbon recovery system offers high recovery rates and lower capital and operating costs. These carbon recovery techniques include:

Carbon-in-pulp
The ore is crushed, finely ground and mixed with the cyanide leach solution to form a slurry in an agitation tank. The activated carbon is introduced into the slurry and then removed by screening once it is fully loaded or “pregnant” with gold.

Carbon-in-leach
This process is very similar to the CIP process. The main differences lie in the preparation of the slurry and method for removing the gold from the leachate. In a CIL process, the carbon is mixed with the leachate solution, not with pulp. This is a much less abrasive system meaning that the carbon lasts much longer than in a CIP process.

Carbon-in-columns
During this process, the cyanide leaching solution passes through columns filled with ore. The process is highly effective for removing gold from low grade ore.

Resin Recovery Technologies
Resin RIL (Resin-in-leach)/RIP (Resin-in pulp)

In recent years, resin is replacing carbon as the gold recovery substrate of choice. SGS is the world leader in the development of this technology. The process used in resin recovery is similar to carbon, but the gold is adsorbed onto solid spherical polystyrene resin beads rather than activated carbon grains.

Resin recovery offers all the advantages of carbon recovery, with some additional benefits:

Clear-cut mechanical and engineering advantages over carbon-in-column (CIC) recovery as a result of the flow characteristics of resin beads
The size of the synthetic resin particles is more consistent than the natural carbon particles, allowing for easier control when adding adsorbent
Better recovery rates are obtained from refractory ores or those containing high levels of clay or organic compounds."

http://www.sgs.ca/en/Mining/Metallurgy-and-Process-Design/Cyanidation-Technologies/Cyanide-Leaching/Carbon-and-Resin-Technologies-for-Gold-Recovery.aspx

If we had more people like this girl (

) SCY would not trade below 50 cents if people had even the tiniest idea of the potential uses here.

[TMLonggun]

As far as I know they would use standard aluminum welding techniques only to a much greater effect. The Sc alloy has greater plasticity and weld strength. I would guess that abundant scandium would make welding aluminum a more common practice since I know it is a finicky metal to work with.

http://www.lincolnelectric.com/en-us/support/welding-how-to/Pages/guide-aluminum-welding-detail.aspx

As for rolling out a large amount of scandium aluminum alloy I doubt they (aluminum manufacturers) need large scale modifications since the machinery I've seen looks really heavy duty. The rollers are huge and the material would only get thinner to meet the same strength requirements.

[Kaseymoe]

What type welding or joinery is used with a scandium alloy? Any new or exotic production techniques needed for such material?

[douginil]

The current Gold report talks about Australia's firm on track to open the world's first standalone scandium mine.

http://www.theaureport.com/pub/na/16798?utm_source=delivra&utm_medium=email&utm_campaign=Gold+final+10-22-15

or google for:
"Cleaner Water and Stronger Aluminum Drive Clean TeQ's Future"

[TMLonggun]

Good points. I think competition is far more likely than collusion yet it is a matter of degrees and I can see how they could simultaneously do both. The scandium companies compete for business but if one of them locks down a bunch of deals at a very high price point that might stick as the price for the first few years.

The Australian laterites will be low cost mines and this will drive those prices down in the long term even if there is a scandium cartel. It is obvious that if scandium was cheap enough demand would be tens of thousands of tonnes per year. At 3, 5, 10k/k that gets into the realm of being cost prohibitive and relegated to a niche market like military applications and areas where that cost benefit is still overwhelmingly favourable. Just as a range it seems the market has unlimited demand below a thousand, strong demand demand at 1-2k and then interest (from my own research) seems to fall off dramatically because you can substitute for titanium and other new nano materials and super-alloys like Hf Al and other similar things. There is probably still decent demand at $3-5k, some at 10k and almost none except vanity purchases and science experiments above that.

I think eventually CLQ and SCY will work like similar to high grade gold mines. With efficiencies gained and economies of scale I wouldn't be surprised if they ultimately cut costs in half and lower the price, say mine an oz of gold, er kilo of scandium oxide, for 3-400 and sell it for 11 or $1200. That is a pretty damn good mine with nice margins and all the demand they can handle. If the industry gets to this point the sky is the limit for scandium production and I think it will quickly go to hundreds and then thousand of tonnes of demand within a few years of the first sc hitting the market.

The scandium story continues to heat up. SCY is already nearing 10 bagger status for initial purchases and we haven't even gotten started yet! Smooth sailing to ~.30 and slightly beyond when they release drill results from the high grade center of their pit? I think so. Scyward!

[Dutch123]

Hi Longgun, I fully agree with your comments on Niocorp.

The discussion on price is somewhat more complicated, I think. It is all about the assumptions made. It starts with the way the supply-and-demand-curve is drawn. If supply remains relatively limited, the usage of scandium maybe restricted to areas where a high price is justified. Where the benefits exceed the added costs of scandium. And how about collusion; price setting by the market leader. With only a handful producers this is a foreseeable scenario.

Yesterday was great for all longs, hope this trend continues...
GLTA

[TMLonggun]

The one thing that infuriates me and every other holder of niocorp, is when posters from SCY and CLQ come onto the board and relentlessly bash the pricing of scandium in our PEA.

Really? I doubt this happened. I think it was mentioned and all the nio guys overreacted. "Relentlessly bash?" There is only a few SCY shareholders and there isn't even a CLQ board. I think what you meant by that extreme hyperbole is that one or two SCY and NB shareholders pointed out (once or twice to deaf ears) that using a more realistic, conservative estimate is better than $2000+ or whatever their number was. If nio gets $3k/kilo, all the power to them, but I don't think that is likely nor is it conducive to long term supply and demand. The sweet spot for scandium is probably around $1000/kilo or less with the first couple of years of production at slightly higher costs. Scandium is expensive and from what I can tell its cost benefit goes down the crapper over $2000/k. It is hard to sell an alloy additive to a jet maker if a small bit of that additive costs more than all of the aluminum in the jet.

Our pricing was done through a third party and has been thoroughly researched.

So? Are third parties doing estimates on thin, opaque markets always 100% accurate and infallible? Of course not. I am a third party and I have done a lot of research and I think the NB scandium story is not impressive when compared to a pure scandium junior. Niocorp is a good company but it is a niobium company and isn't the best scandium play despite what the innumerable niocorp fanboys will say.

[TO Double D]

I have scadium international as well as niocorp too. I bought Niocorp for the niobium resource. The one thing that infuriates me and every other holder of niocorp, is when posters from SCY and CLQ come onto the board and relentlessly bash the pricing of scandium in our PEA. Our pricing was done through a third party and has been thoroughly researched. I am a holder of both stocks as I see historical stability in the pricing of niobium and the emerging markets for scandium is limitless.

[TMLonggun]

New multi year high of 22 cents or 11x its March 2014 low. This was one of the easiest multibaggers I have ever seen and very few people participated. We're still only at 12 board followers while some of the worst stocks on earth have hundreds of followers here on ihub.

It looks like my 25 cent target will be achieved shortly (probably this week) after several false starts. Hard to say exactly where to take profits since I think SCY is worth around 50c-a buck at this moment. At these prices a 3 cent move is a ~50% gain for long holders. I anticipate that there will be some interesting trading action over the next year.

SCYWARD!

[TMLonggun]

Big volume .185 Close high of .19 ask at .20 project advancing rapidly, more ongoing drilling in the high grade pit, cash in the bank, one of the largest and most valuable mineral deposits on earth. Short term 25 cent target holding firm, hopefully everyone got their fill at 8 cents. Great opportunities are not to be squandered!

[TMLonggun]

Scandium International Receives US$2.07M from Royalty Sale on Nyngan and Honeybugle Scandium Projects in Australia

Vancouver, British Columbia (FSCwire) - Scandium International Mining Corp. (TSX:SCY) (“Scandium International” or the “Company”) is pleased to announce that it has received US$2.07M (C$2.7M) from a private investor in return for the granting of a 0.7% royalty on gross mineral sales from both the Nyngan property and the Honeybugle property, in NSW, Australia.

Royalty Highlights:

US$2.07M cash proceeds received from sale of royalty

The royalty consists of a 0.7% gross sales royalty on both the Nyngan and adjacent Honeybugle properties, payable quarterly,

The royalty covers all minerals produced and sold from both properties, with no caps, minimums, term limits or early buyout provisions, and

The Company has retained all rights to commence and operate mining projects on both properties, and adjust land holdings, on a commercial basis as defined by management, consistent with other existing private and State royalties on the properties.

The proceeds from the sale of the royalty will be applied to complete the Definitive Feasibility Study (“DFS”) that was initiated in September 2015 and is currently underway. The DFS is being led by Lycopodium Minerals Pty Ltd, of Brisbane, Australia. The DFS will incorporate considerable metallurgical test work independently prepared for the Company over the previous five years, along with engineering, project design work, environmental work, mine planning, development work, and previous economic estimates. Additional metallurgical test work programs are currently underway now, along with studies and programs required to complete an Environmental Impact Statement scheduled for completion in Q4 of 2015. A small infill drilling program within the high-grade pit featured in the DFS is currently underway at Nyngan now.

George Putnam, CEO of Scandium International Mining Corp. commented:

“The Company is fully focused on working with Lycopodium and a cast of specialist engineering/mining consultants to complete a DFS suitable for funding project construction in 2016. This royalty funding ensures that we have the