long investor in Niocorp
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we only need to wait to Oct 9th, if people are selling to get into the PP they need to a T+ 3 days to settle the account. so thats only 7 trading days
they probably want to make sure they fill the entire 16.5 Million PP and with a lower entry point on the SP, its better for that reason only. once Oct 15 th comes and goes , the next batch of positive moves will move us up quickly again into the mid 70's at least
Notice the CDN Market now Bid .61 C and ask is .66 C and only 6K shares on the ask "The Market as a whole" is Not a Seller, its a small select few trying to get into the PP as Walterc has suggested, makes complete sense. Also Longer term I almost like the fact some have this much confidence to sell now and buy the PP, its shows long term beleif, and if we see some Major institutions involved in the PP, we will all be much happier. I am trying to buy at the current BID right now
Scotia has been a constant buyer under 68 Cents lately
I see NO Short position on US side or CDN, its a lone wolf seller 90% of the trades
Phase 2 Drill update should be anytime now, add to our 43-101 update to the upside. bought more at .65 C today
Nice Mackie Buying today Good sign of things to come??
Recent Trades - Last 10 of 43
Time ET Ex Price Change Volume Buyer Seller Markers
10:35:49 V 0.66 -0.01 1,000 14 ITG 1 Anonymous
10:35:37 V 0.67 1,500 99 Jitney 39 Merrill Lynch
10:35:37 V 0.67 2,000 99 Jitney 85 Scotia
10:35:26 V 0.67 3,000 83 Mackie 85 Scotia
10:35:26 V 0.67 10,000 83 Mackie 2 RBC
10:35:26 V 0.67 1,500 83 Mackie 39 Merrill Lynch
10:05:54 V 0.66 -0.01 1,000 143 Pershing 1 Anonymous
10:04:26 V 0.66 -0.01 1,000 143 Pershing 59 PI
09:38:46 V 0.66 -0.01 4,000 9 BMO Nesbitt 59 PI
09:34:36 V 0.66 -0.01 7,000 1 Anonymous 1 Anonymous
I do see a Higher close on the US OTC as well on my TD waterhouse
WOW TSX NB ended up 3 Cents! What a Day I missed out on, the one day I am not by my computer, I would have bought more in the low 60"s, but it was only there for a few minutes.
wheres Walterc?? maybe he can share his input? on today and in general where we are and what to expect from now till xmas
Deal I will not post SP anymore lets hope for more good news shortly
Here's the seller today, :::
:16:36 V 0.69 -0.01 300 85 Scotia 59 PI
10:16:36 V 0.69 -0.01 250 57 Interactive 59 PI
10:16:36 V 0.69 -0.01 1,500 39 Merrill Lynch 1 Anonymous
10:16:36 V 0.69 -0.01 1,000 14 ITG 1 Anonymous
10:16:36 V 0.69 -0.01 23,000 14 ITG 1 Anonymous
10:16:36 V 0.69 -0.01 4,000 14 ITG 1 Anonymous
10:16:36 V 0.69 -0.01 93,500 14 ITG 1 Anonymous
10:08:50 V 0.70 7,000 1 Anonymous 1 Anonymous
10:05:46 V 0.70 450 85 Scotia 59 PI
10:05:26 V 0.70 3,500 101 Newedge 1 Anonymous
I am on the TSX CDN side i use TD waterhouse as a platform,I dont understand why investors would sell at this time, when there are several catalysts for the stock over the next few months, my avg price is now in the low 60's, so not anywhere near enough profit to consider selling. I am a holder for a buyout. Just for the record.
Blairman is not a Trader on Niocorp Have not sold one share
Seller is ANON see below
0:05:46 V 0.70 450 85 Scotia 59 PI
10:05:26 V 0.70 3,500 101 Newedge 1 Anonymous
10:05:26 V 0.70 2,000 1 Anonymous 1 Anonymous
10:05:23 V 0.70 10,000 1 Anonymous 1 Anonymous
10:04:46 V 0.70 400 143 Pershing 59 PI
10:04:46 V 0.70 300 143 Pershing 59 PI
10:04:46 V 0.70 1,500 39 Merrill Lynch 1 Anonymous
10:04:46 V 0.70 3,500 143 Pershing 1 Anonymous
10:04:46 V 0.70 5,000 143 Pershing 1 Anonymous
10:04:46 V 0.70 6,000 143 Pershing 1 Anonymous
25K on the Bid at .72 C
The company’s previous 43-101 compliant resource report used a cut-off of 0.4%. Based on that cut-off, the indicated resource has increased from 19.3 Million tonnes grading 0.67% Nb2O5 to 22.6 million tonnes grading at 0.70%. Inferred resources have increased from 83.3 million tonnes at 0.63% Nb2O5 to 87.0 million tonnes at 0.66%.
As shown above, the use of a 0.3% cut-off significantly improves the resource. Given that their updated resource published in Table 1 uses a 0.3% cut-off, it looks like the company may start to use that for their base case.
For comparison, IAMGOLD’S Niobec niobium mine in Canada has Measured and Indicated Resources of 635 million Tonnes at 0.41% Nb2O5 with a cut-off of 0.2%.
Read below: Based on an fraction of todays NR I say we are very confident that our extraction rate will be well north of the 56% to 58% we were looking for, previous NR had a 75% rate::::
The company is reporting that the niobium is associated with the mineral pyrochlore. Pyrochlore is an oxide mineral that can carry a wide array of rare elements. What’s most important here is that metals can be easily extracted from oxide minerals.
In a couple weeks well see phase 2 drill results and in 3 weeks well see what the PP SP issue will be, that will give us all a better understanding.Mark seems to be moving very quickly in all directions and the 2.5 Million is what I like seeing, "Skin in the Game" and I want more than just Marks $$$ lets see other senior Mgt
It was previously stated in a NR that a 3rd Drill phase may NOT be done. It will save the cash and i dont think your math is correct, and this is only after phase 1 it will only increase our numbers in a couple of weeks
Quote of the Day for anyone pondering investment in Niocorp.
I am pretty sure after BFS we will be bought out straight up.::::
"Drill results have far exceeded our expectations on this deposit, and we are a very pleased to be able to deliver this resource update to shareholders," said chief executive officer Mark A. Smith, who is the former CEO of rare earths producer Molycorp.
"We are also very impressed with the significant progress being achieved on the metallurgy program as we rapidly approach the pilot plant test stage.
"The information we now know, combined with the upcoming pilot plant results and the updated resource estimate before year end, 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."
You Guys still sleeping ?? What do we think Input?
16.5 Million PP Senior Management investing another 2.5 MILLION NICE
News Out!!
NioCorp Updates Elk Creek Niobium Resource-Increases Achieved in Grade and Contained Niobium13 minutes ago by Marketwire
NioCorp Developments Ltd. ("NioCorp" or the "Company") (TSX VENTURE: NB)(OTCQX: NIOBF)(FRANKFURT: BR3) is pleased to announce an updated NI43-101 resource estimate 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 the phase 1, five-hole drill program for a total of 5,011 m, with the phase 2, six-hole drill program now currently underway. Phase 3 will follow, if necessary. Utilizing historic and phase 1 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 and will be supported by a NI43-101 independent report which will be published in due course.
The 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 Grade Contained Nb2O5
Classification (Nb2O5%) ('000 Tonnes) (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.
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(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.
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(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.
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(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.
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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 Grade Contained Nb2O5
Classification (Nb2O5%) ('000 Tonnes) (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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Readers should note that this update only includes the results of phase 1 drilling operations. Work is currently on-going to improve the confidence in the current geological model through additional drilling and further validation of historical databases. Validation work is aimed to be completed with the completion of phase 2 drilling operations in the 4th quarter, at which point the company intends to deliver a follow up resource estimate which will include that data.
"Drill results have far exceeded our expectations on this deposit, and we are a very pleased to be able to deliver this resource update to shareholders," stated Mark A. Smith, CEO of NioCorp. "We are also very impressed with the significant progress being achieved on the metallurgy program as we rapidly approach the pilot plant test stage. The information we now know, combined with the upcoming pilot plant results and the updated resource estimate before year end, 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 will file the complete NI43-101 compliant report on SEDAR and it will be available on the Company's website within the prescribed timeline.
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 Said, lets move on shall we, thats hope for an early week positive NR have a good weekend
Yes I see on Their Linkedin Page::::
NioCorp (TSX.V:NB - OTCQX:NIOBF - FSE:BR3) is developing North America's highest grade, large tonnage, undeveloped Niobium project, located in Elk Creek, Nebraska. NioCorp is currently conducting a 3 stage infill drilling program to elevate the resource to the measured and indicated category, optimizing metallurgical recovery at SGS Canada and Hazen Research and will initiate a feasibility study in 2014 with SRK Consulting in Denver.NioCorp aims to be part of the solution for the World's strategic and critical Niobium needs for the steel, automotive and aviation industry. Niobium is crucial in high strength steel for bridges and buildings, high pressure oil and gas pipelines, lightweight and fuel efficient cars, stainless steel, MRI machines, wind turbines, airplane jet thrusters, and more.
Elk Creek is an advanced development project with over 53,000 meters of drilling that has produced an NI 43-101 resource report. The geological formation compares favorably to the 3 existing successful producers.
Niobium prices have increased through several plateaus over the past 40 years, expressing the steady growth and stability in the marketplace. In 2013 Niobium averaged approximately $42 per kilogram. Demand is expected to further increase in the coming decade as new applications are discovered every day and as the intensity use of Niobium in steel production continues to expand.
Politics has no place on a Stock board give it a rest people.
Why would you Buy Niobec and spend $750MILLION at a grade of .42% as oposed to NIOCORP at a .70% plus grade for maybe $400 to 450 Million
DAILY NEWS Sep 17, 2014 3:52 PM - 0 comments
IamGold to sell Niobec mine
TEXT SIZE 2014-09-17
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President and chief executive Steve Letwin of IamGold (TSX: IMG) told the Denver Gold Forum that he is confident the company can sell its Niobec mine in Quebec within the next six to 12 months for about $500 million after taxes.
"We've had this asset for sale aggressively for the last six to 12 months, and I would tell you that my optimism for us being able to sell it is very high," he said, adding that he estimates "we should be able to have put this to bed" within the next six months.
The mining executive conceded that Niobec is IamGold's "best performing mine" and a "great asset" that throws off about $100 million to $110 million in EBITDA a year yet has modest sustaining capital costs of between US$25 and US$30 million a year.
But he said the challenge is that it would cost the company about $750 million to extend the mine life beyond its current eight years.
Read the complete article at NorthernMiner.com/news/iamgold-to-sell-niobec
NO Selling pressure, Bid is 71 and ASK is 74 C on TSX
News on Monday seems about right
I predict some financing type of news update and we should get the balance of the other 2 holes anyday now
I was busy all day did anyone see what brokerage bought the 210K shares at .74C on TSX?? I need to know its killing me
WHAT Level 2 say BID is at 83 Cents !!!
I own Baja Mining a Junior with a 10 % interest in a huge Gold and Copper mine in Bolero, it went from 1 Billion CAPEX to 1.2 Billion and the stock got absolutely Hammered last year , from a high of $1.21 to 3 CENTS then law suits about non disclosure of the CAPEX etc. also only a 20 year mine life. good luck to them I will do some serious DD asap to find out some details on them., They Have NO proven Management, We do we are in Nebraska LOL friendly state and NO permit issues, we have Tony F a former senator on our Board LOL I dont even want to start with all the other positives. later
I agree LCP77 BC is a very tough place to get permits and a 5.5 year payback is unfriendly at best. 870 Million Capex with no real numbers?? that means over 1 Billion for sure, not likely to get financing
He doesnt see higher than avg grades?? is he Drunk LOL over 1% grades of 500 Plus meters last NR. NIOBEC avg only .42% grade and CBMM avgs just at about 2% and we have 3 and 4 % grades showing now. hahaha I think he needed some extra space to take up. Certain People on this board could write an unbiased superior article LOL
the Shorts on NB is down 200% from last week maybe good news coming this week
Nice to see Cannacord buying lately and I dont see the selling pressure from ANON lately. We need to get the Pilot testing going and then we can see how great or not this company really can be
Yes , and at drill depths below 500M we have seen the best results, so i cant wait to see the results of these 2 holes down to 700 plus meters
Marketwire NiocorpNews release!!
NioCorp Drilling Continues to Return High-Grade Niobium Assays
Published: Sept 10, 2014 9:20 a.m. ET
VANCOUVER, BRITISH COLUMBIA, Sep 10, 2014 (Marketwired via COMTEX) -- NioCorp Developments Ltd. ("NioCorp" or the "Company") (tsx venture:NB) (otcqx:NIOBF) (frankfurt:BR3) is pleased to announce receipt of additional assays from the ongoing drilling and advancement operations at Elk Creek, Nebraska.
Drillholes NEC14-011 and NEC14-012, two of six drillholes comprising the Phase II drilling program at the project site, have been completed. These drillholes define a north-west to south-east drill section through defined resource, and the holes are oriented at right angles to the 5 holes drilled during the Phase I drilling program. The results are supporting niobium mineralization around the outer edges of the defined Resource.
The collected core samples have been systematically processed and shipped for certified analytical assaying and physical rock property test work at Actlabs in Ancaster, Ontario to support NioCorp's corporate objectives for the project.
Analytical highlights for the top 344 meters of NEC14-011 and top 555 meters of NEC14-012 appear below. Note that due to the angle of the drilling and other factors, these do not represent the true thickness of the Niobium Resource:
NEC14-011 Initial Results
-- 101 m interval between 223 - 324 m (open) at 1.00% Nb2O5
NEC14-012 Initial Results
-- 208.8 m interval between 251 - 459.80 m (open) at 0.95% Nb2O5, including
-- 84 m (251 - 335 m) at 1.00 % Nb2O5
-- 56 m (352 - 408 m) at 0.95 % Nb2O5
-- 46 m (414 - 460 m) at 1.15 % Nb2O5
-- 79 m (476 - 555 m) at 0.52 % Nb2O5
At the same time, the company is pleased to announce the addition of a metallurgical drilling component to the Phase II program. Metallurgical drilling will provide quantities of PQ and HQ drill core to support the needs of the company's ongoing metallurgical development program. The collection of drill core from the carbonatite in the first metallurgical hole began on September 8, and 90 meters of PQ core has been collected to date. This material will support additional hydromet and initial flotation pilot plant testing.
"Yet again, our drilling program at Elk Creek continues to deliver impressive Niobium assays" said Mark Smith, CEO of Niocorp. "In previous releases, we have been able to announce intervals with the highest grade results to date, some in excess of 3% and 4% grade material. These latest results show the extensive continuity of material in excess of 1% grade, furthering our commitment to confirming this deposit as truly world class in grade and size. It is important to note that the focus of this drilling campaign has been targeted infill drilling for resource classification, in addition to geotechnical, hydrogeological and metallurgical purposes. The deposit remains open to the southeast, northwest and at depth. In the future, we intend to do additional drilling to expand on the known orebody, in particular at depth, where the highest grades to date have been recorded."
Quality Control: Samples for NEC14-011 and NEC14-012 were continuously collected from the carbonatite's upper contact at the base of the overlying limestone to the end of the drillholes, 190 to 843 m and 222 to 900 m, respectively. Samples were submitted to Activation Laboratories Ltd. (ActLabs) of Ancaster, Ontario. HQ diameter core was split into half-core samples and approximately 25% of the submitted core samples consist of quality control and quality assurance samples. Both NEC14-011 and NEC14-012 ended in carbonatite and remain open at depth.
Qualified Persons: Brad Ulry, B.Sc., P.Geo., Dahrouge Geological Consulting Ltd., a Qualified Person as defined by National Instrument 43-101, is responsible for the Elk Creek drilling operations and has read and approved the technical information contained in this news release.
About the Company: NioCorp are developing the only primary niobium deposit known to be under development in the U.S., and the highest grade undeveloped niobium deposit in North America, located near Elk Creek, Nebraska. The Company has published an NI 43-101 resource of 19.3 Million tonnes grading 0.67% Indicated, containing over 129,182 tonnes of Nb2O5, and 83.3 Mt grading 0.63% Inferred, containing over 523,844 tonnes of Nb2O5). Niobium is mainly used in the form of Ferro-Niobium to produce HSLA (High Strength, Low Alloy) steel, to produce lighter, stronger steel for use in automotive, structural and pipeline industries. The U.S. imports 100% of its niobium needs.
NEWS release just out Wow 1% grade of over 101 Meters!!! and only at a depth of 223 M to 324 haha
W
We also will get the Phase 2 drill results from the last 6 holes. I'm sure will wait for these results so they can add them to the new flowsheet and NI 43-101 These results are due anysay as well, if we get the same type of numbers as previous, it will make that flow sheet look much better
whats with the selling pressure today? Very likely to get another news release next week. Must be some PP sellers who got in at 20 C
HAHAHAHA Who is the new loser on the board? Probably an alias and is a short seller . they will start to come to the boards more , now that we are getting major coverage