long investor in Niocorp
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Trust me, Lease agreements are Not going to be a concern on this project LOL, Give Mark Smith more credit than that. you dont go to the BFS in a project without being a 100% secure on property ownership or lease arrangements. The completed flow sheet and Pilot plant testing is the next major Milestone to worry about.IMO
all is good, very small sell orders lately, NR is good.
patience is hard but needed here. come Xmas we will remember these tough fews weeks. We all know more NR will be coming very soon, probably same day as the PP closes IMO
CEO Insider buy again thats 3 in 17 days, small but still BUYS!
Yes I cant wait to close this PP and see the Phase 2 Drill results,
NioCorp Files NI 43-101 Updated Elk Creek Niobium Resource Report12 minutes ago by Marketwire
NioCorp Developments Ltd. ("NioCorp" or the "Company") (TSX VENTURE: NB) (OTCQX: NIOBF) (FRANKFURT: BR3) is pleased to announce the filing of an updated NI43-101 resource report for the Elk Creek niobium deposit.
Commencing in May, the Company initiated a three phase technical infill drilling program, with multiple goals of enhancing the classification of the resource; producing geotechnical and geochemical analysis of the deposit; provide material for the use in metallurgical studies including pilot plant; and to provide all other necessary information required to create and design a mine plan. Additional drilling to enhance the overall size of the deposit, where it remains open to the northwest, southeast, and at depth, will be carried out in the future.
The Company has completed two phases of the drilling operations at Elk Creek, with the phase 3, four-hole drill program now currently underway. Utilizing historic and phase 1 drilling results, (NI43-101 resource estimate does not include phase 2 drilling results), SRK Consulting ("SRK") of Lakewood, Colorado and Cardiff, UK have completed an updated Mineral Resource estimate.
SRK's Mineral Resource is based on a robust 3D model of grade trends within the carbonatite complex and is based on good QAQC results. Higher grades are associated with pyrochlore contained in magnetite bearing dolomitic carbonatite. The Indicated Mineral Resource is confined to a single coherent well drilled area containing continuous high grade features.
The estimate has been reported according to CIM Standards..
The Mineral Resource estimate for the Elk Creek deposit is summarized in Table 1 below:
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Table 1 - SRK Mineral Resource Statement Effective Date 9th September 2014
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Cut-off Tonnage Contained Nb2O5
Classification (Nb2O5%) ('000 Tonnes) Grade (Nb2O5%) ('000 kg)
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INDICATED 0.30 28,200 0.63 177,000
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INFERRED 0.30 132,800 0.55 733,700
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(1) Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. All figures are rounded to reflect the relative accuracy of the estimate and have been used to derive sub-totals, totals and weighted averages. Such calculations inherently involve a degree of rounding and consequently introduce a margin of error. Where these occur, SRK does not consider them to be material. All composites have been capped where appropriate. The Concession is wholly owned by and exploration is operated by Niocorp Developments Ltd
(2) The reporting standard adopted for the reporting of the MRE uses the terminology, definitions and guidelines given in the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Standards on Mineral Resources and Mineral Reserves (December 2005) as required by NI 43-101.
(3) SRK assumes the Elk Creek deposit to be amenable to a variety of Underground Mining methods. In the absence of definitive pricing for Nb and established rates of metallurgical recovery, SRK has reported the Mineral Resource at a cut-off of 0.3% Nb2O5. The Company's previous Mineral Resource dated April 2012 was calculated at a cut-off of 0.4% Nb2O5.
(4) SRK Completed a site inspection to the deposit by Mr Martin Pittuck, MSc., C.Eng, MIMMM, an appropriate "independent qualified person" as this term is defined in National Instrument 43-101.
Given the current early stage in the other technical disciplines and on-going metallurgical testwork the sensitivity in the Mineral Resource at a range of preliminary cut-off grades is presented in Table 2 from 0.3% Nb2O5 to 0.5% Nb2O5.
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Table 2 - SRK Mineral Resource Sensitivity
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Cut-off Tonnage Contained Nb2O5
Classification (Nb2O5%) ('000 Tonnes) Grade (Nb2O5%) ('000 kg)
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INDICATED 0.50 19,100 0.74 142,000
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INDICATED 0.40 22,600 0.70 157,600
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INDICATED 0.30 28,200 0.63 177,000
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INFERRED 0.50 63,700 0.74 469,600
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INFERRED 0.40 87,000 0.66 573,300
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INFERRED 0.30 132,800 0.55 733,700
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"We are extremely pleased with the rapid advancement of drilling operations and progress we have made at the Elk Creek site, and we are a very pleased to be able to deliver this resource update to shareholders, forming another milestone for the Company" stated Mark A. Smith, CEO of NioCorp. "We are continuing with our current drilling operations with the aim of further enhancing our Indicated to Inferred Mineral Resource ratio. Together with significant progress being achieved on the metallurgy program, including pilot plant work and a further resource update on the completion of current drilling operations, the significant advancement of technical knowledge on this project will dovetail into the extensive engineering design work that SRK are diligently completing, in order to fully meet our overall objectives for this world-class project."
The Company has filed the complete NI43-101 compliant report on SEDAR and it will be available shortly on the Company's website.
Qualified Persons:
Martin Pittuck, MSc., C.Eng, MIMMM of SRK Consulting (UK) Ltd., a Qualified Person as defined by National Instrument 43-101, is responsible for the Elk Creek resource estimation and has read and approved the technical information contained in this news release.
Well technically the PP is Not Closed yet. So by next week shell be done and results will come out and the market will see things a little different IMO
I see 2 Big Blocks buys on the US side 50K each NICE
I see 120K shares swapped at .47 US at 3:50 pm and then a buy at .48 c at 3:55 pm and a sell at .47 C on the OTC at 3:59 pm over 40% of the days trades in the last 10 Mins Interesting wouldn't you say
I agree, I was going to buy more today , but I over analized too much. crap, .52 CDN was a great opportunity. once we close this damn PP, we wont see selling pressure under .55 C IMHO
we need to close this PP and release the good drill results that I assume we have about ready for release and get us back into the 60's,
then a completed positive flowsheet and we are back into the 70's at Warp speed!!
Nice close in Canada .56 C down a Penny LOL Glad I bought at .52 C :)
Blairman bought more at .52 Cents
How did u know selling pressure was coming? are you selling to get into the PP?
Great post! even a small increase in price by CBMM is great for out NB market and of course for us. nice timing. And this inflation will last a few years, so great timing for NIOCORP
get some sleep as I believe we get a couple NR monday I hope. The
rally is about to begin!! Just my humble opinion
also on the US OTC late buying at .51
Nice to see buying at.58 C on TSX right before the BELL Monday morning NR IMHO and we off!!!
I'd rather see a NR on Monday morning please and thank you. Peter said we had 2/3 filled 2 weeks ago and now add the 1.54 Million from Archie property thats about 11.5 Million I'm sure Mark our CEO raised 5 Million. I just hope its some institutions. I'll we should care about at this point is that we have the cash to get past the pilot Plant testing, Flow sheet and BFS, then only will the real PARTY begin.You Traders hate this last few weeks, but us LONGS dont care, if it drops again ill just buy more, but I see some good support at the PP .55 on CDN TSX
I think so too
the United States has not produced niobium since 1959, as deposits are low-grade and economically unrecoverable.
Well , Not anymore. Niocorp is well on its way to become the first producing mine in 58 years (2017)
It would only make sense to release any news until after the PP closes, im sure we will see a few news items asap
sorry ,in sales conference all day. Looks like Industrial Alliance Sold 76K shares, that kept the SP down. we arent going to see much of anything till after PP. Also Nice to see Mark raised 1.54 Million into the PP from our Archie Lake property. Thats a nice bit of negociating.
I'm Canadian to the Core and could care less about politics. But I do hope Republicans get in, for several reasons, not just to help NB
Good Post! Whats are your thoughts here ? Give me the read between the lines. Are you talking of a JV or just the massive increase need for NB domestically and worldwide?
Thoughts? As per the NR on Sept 22 ::See the BOLD below
Vancouver, British Columbia – September 22, 2014 – NioCorp Developments Ltd. (“NioCorp” or the “Company”) (TSX-V: NB, OTCQX: NIOBF, FSE: BR3) is pleased to announce that it has entered into an agreement with Mackie Research Capital Corporation (the "Agent") in connection with a private placement of special warrants (the "Special Warrants") to raise aggregate gross proceeds of up to $16.5 million, at an issue price to be determined in the context of the market (the "Offering"). The Offering will be conducted on a “best efforts” private placement basis.
The Company has also granted the Agent an option (the “Agent’s Option”) to increase the size of the Offering by up to 15% in Special Warrants, by giving written notice of the exercise of the Agent’s Option, or a part thereof, to the Company at any time up to 48 hours prior to the closing date of the Offering.
Maybe this is why we have an extension to Oct 30th?? Mackie might have raised 15% more $2,475,000??
I saw no restrictions on the warrants. But I'm sure there
Will be some on the final closing next week. Also the selling in USA
Is small. Only 55k. I think the warrants will never be exercised
Anyway buyout before that. JMHO
Huge bid at .55 c CDN over 140k. The support is now there
Also we are back to .58 c on TSX
I agree, we already forget how bad the markets were 2 weeks ago and the day before Mark goes to NY to raise $$, the Dow is RED into 460 Pts!! and the Ebola crisis was a CNN Hot topic LOL, Id say as he did with Molycorp, he knows how to get his cash to move his projects forward at light speed. I suggest investors go back and see how he took a 88 million market Cap (MC) Rare Earth Play ( Molycorp) and turned it into a 5 Billion MC in less than 3 years!!! I have full confidence. glad I bought more at .48 cents CDN
55 Cents is good because, last weeks selling and bad market conditions got NB down to a low of .46 C CDN and .40C USA, so I was afraid we would be discounting the PP into the 40's.so I am good with 55 . Also , I am Not a trader , so I just want to complete the PP and that will give us the cash to move us deep into 2015. remember not everyone on this board bought this stock in the 20's, 30's cent range , as I did not. So this gives a solid support for the newer investors. I strongly feel this company will be bought out in the not to distant future once the BFS is completed, so I can hold and go through all you guys trading it up and down. Cant wait for Oct 30 and then we should get the Final Phase 2 drill results, and if they are as good as the last NR, then we should break through our 52 week highs
I love the 55 cents!!!
Latimer & Scotia have been buying up a storm since we hit high 40"s on the TSX CDN side::::::
Recent Trades - Last 10 of 15
Time ET Ex Price Change Volume Buyer Seller Markers
09:33:24 V 0.61 -0.01 200 36 Latimer 59 PI
09:33:24 V 0.61 -0.01 1,500 36 Latimer 1 Anonymous
09:33:23 V 0.61 -0.01 5,000 36 Latimer 1 Anonymous
09:33:22 V 0.61 -0.01 5,000 36 Latimer 1 Anonymous
09:33:16 V 0.61 -0.01 10,000 36 Latimer 1 Anonymous
09:33:14 V 0.61 -0.01 5,000 36 Latimer 1 Anonymous
09:33:05 V 0.61 -0.01 5,000 36 Latimer 99 Jitney
09:32:57 V 0.60 -0.02 1,500 85 Scotia 143 Pershing
09:30:07 V 0.60 -0.02 250 85 Scotia 59 PI
09:30:07 V 0.60 -0.02 9,000 85 Scotia 143 Pershing
LOL But I'll take it! its a Green Dot on the Insider BUY
Insider BUY last week!! CEO Good news to me
over 400K 2 days in a row on CDN TSX V is above the 50 day moving avg, so it was not on light trading the increase in SP
If the PP must be within a 10% range of the CURRENT SP for the closing, then, if we can get 5 Cents higher at minimum before the PP, then we would have a PP price of 55 Cents CDN to 65 Cents, I'm ok with that. then they will release more positive drill results and Pilot plant testing will come shortly after. November could be month to remember
Great stuff,when you call and complain they usually will free it up. Excellent, hope it dips just a little tomorrow for you and for me :)
i have only enough powder for about 15K more shares then I'm done and I will hold until a Buyout or we build our Mine, its a 2 to 3 year Long hold for the Blairman, I am ALL IN Now, no turning back, I just hope I am right or it will be a Divorce Court for the Blairman
CDN TSX V market LOL I wish OTC was at 57 C
Nice to see the USA side close above the CDN side for the day, CDN up 10.00% and USA up 13% we hit .57 C
People are chasing the stock now, Beautiful