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Yes! hahaha ......very appropriate music for our Final Countdown! Maybe they can play at the ribbon cutting ceremony... I can almost taste the Elk Creek spirits... ahhhhhh
'THE FINAL FINAL COUNTDOWN'.....
"Please put your tray tables down and prepare for landing"...
"Keep your hands and feet inside the ride at all times"......
NCT.....
Thank you Walter, Reading, Avolckilb and everyone else who contributed to the reporting 'on the ground' from Belgium! The accounts of the meeting(s) sound very encouraging and positive.... feels like the NIO story is getting out and when the L3 Demo Plant testing is completed and the FS updated, we should be singing our song and shouting from the mountain tops to get the word out..... at that point, all the 'Boxes will be checked' and the Financing should be right on the heels of the updated FS,
We should be getting an update on Demo plant testing /PH1 early this week.... and the next 2-3 weeks (especially between now and the conferences) should be VERY interesting ....
Thanks again for taking the time to update everyone!
Yaddddda Yadddddda
NCTommy Boyyy
Thanks Nebraskan... Didnt they say that the entire demo testing would take 2-3 weeks, this being week 3.....
NCT
I was under the impression thru Jim S responses that there would be multiple updates during the demo plant testing (i.e.., updates after each phase) but it appears that that will not be the case, as the demo testing is starting it's 3rd week (testing is estimated at a duration of 3 weeks), but we have received no interim NR updates....
I certainly hope that no news means good news in this case....
continue to wait patiently with everyone else.......
NCT
Thanks Richard for these excellent updates 'from the ground'......
very encouraging developments indeeed! in fact it may be an obvious signal that financing is 'imminent'.... oooops... There's that word again!! :)
NCT
Looks like material news here! will be nice to see a NR keeping investors updated....
GO NIOCORP..
amen mon ami..... amen!
alas!.......magical Elk Creek water it is!
as we will glow and bask and tell investor stories, like the highly acclaimed Kiln story! and the symbolic Red Shovel story.... :)
everyone, flush with cash, will be insisting that they 'buy the next round'!!
The investor planets will be perfectly aligned.... for that moment..... all else will be forgotten.... refrains of 'Kumbaya will ring out.....
stories will be told, words will be slurred, drinks will be thrown back.. chasers will also be thrown back ....
'Viva Elk Creek' ......
Long live the Elk Creek Critical Mineral Project.......
Yadddda..
NCT
Visualizing...waxing....waiting.....contemplating....waiting some more..
Stark12
My bad... you're absolutely right Stark... my political rant was unnecessary and should not be part of the discussion on the board. I will try to keep the commentary to the matter at hand, i.e., our lil gem Niocorp, going forward.
NCT
VERY NICE summry TRIPLE-T !! Thanks for putting this together.... connecting dots...puzzle pieces..... yadda
NCT
TRIPLE-T- thanks for sharing that research!
Someone sent an interesting post yestdy that had a link to an article with the amount of niobium that is used in various DOD assets, i.e., fighter jets and naval ships...
Co-incident-ally enough i worked on the USS Arlieigh Burke (DDG-51)- (Lead ship in Aegis Cruiser Arleigh Burke class)..... back in 1989-'01, as a field engineer for GE Aerospace.....
Anyway, Funny thang is.......
At that time...I had no idea there was a heavy dose of Niobium in the steel of that ship.... but probably only a fraction of what they would like to use on these ships, planes, etc....
with a steady, deterministic, reliable supply of Critical minerals (NIO's Niobium, Scandium and Titanium for example.....) and many other providers, there is a huge demand from DOD, for ships/planes/tanks, etc..... Kind of boggles the mind the incredible potential!!
NCT- nostalgic -
I wonder if L3 is running 2 or 3 shifts per day to make up for the 6 month shipping delay debacle? or perhaps they can only accomodate a finite amount of capacity/thruput in the testing hardware???
Either way..... I'm just rejoicing that they finally got the DEMO plant testing started......Phewwwwww.....
Can't rush these things you know...... (in a mine's life).. HAHAHA
TGIF
YADDDD-AAAAA
Chico - thanks for the DD chocked posts, i caught your 'uber conservative' SP estimates ( "$3 on Big F to $24 on production my thoughts" )- hopefully you/all will be pleasantly suprised with a heckuva lot more post- Financing SP (PFSP) in the $5-$10 range, I tend to agree with Demo, that we will get those 'FOMO Spikes' upon Big F news that will see the SP in the $6-$10 range! IMHO ( ****see all safe harbor caveats****) especially if Jim S puts out some ultra impactful press releases that extol the virtues, benefits and differentials of this mine and the problems it will address... a very strong story when told sufficiently.
NCT
Keep the demo testing chugging along... chugga chugga chugga... phase 1..... phase 2.... phase 3........ crankin' the sausage out....... and PULEEEEEZ DO NOT let anyone touch the KILNs (or even place drink bottles on the Kilns) cuz we DO NOT want to have to reorder those PRECIOUS items!!
NFL Sunday..........Bring it on 49'ers and Dolphins!!! YOU GOT THIS!!!!
Hope they are factoring in the supply line delays for their production Kiln(s), they probably learned a very valuable lesson for the Demo testing- regarding ordering these kilns WELL in advance...
NCT
Yes Crit- point taken and yes you're right.... shhhhhhhhhhh I best not push our luck and jinx this new development..... ... we have waited a looong time to get here and it appears we are knocking on the door..... exhale and thank the mining gods for this bounty...... I will just be appreciative we are here and tread lightly until the testing is done, FS updated, Conference goes well, and then the world is made aware of the new developments at Niocorp, and god willing a corresponding significant increase in SP....
but one step at a time.....
Yadda Yaddy Yadddda.....
NCT
yep- this is good news! Hoping all testing goes well as they expect!
Since the Elk Creek site will be one of the only sites in NA doing the processing on site, i wonder if there might be the possiblity of other mines shipping their raw materials to Elk Creek for processing for fee?? or will we have the available capacity? sure seems like a possible revenue stream if viable...
NCT
Stark12- I agree, we should be paid for that free Gatorade advtsg.... haha
'The Eagle has landed'... phew...... The long awaited Demo Plant testing has commenced.
Don't want to be picky here.... but who left their Gatorade bottle on the Kiln in the picture of the Demo Plant hardware??? (that is in fact the much heralded, highly anticipated Kiln?? right??) :D hehehehe
But seriously, this is a good sign, and hopefully a precursor to good things to come!
NCT
I like your math Demo- Man!! seems to add up! especially that whole FOMO factor , which could be YUGE.... nobody wants to be left out when this thing starts runnin'..... vrooooom
NCT
AO- I respectfully disagree with your assertion that they will wait until after the milestone (in this case the Demo Plant Testing) has been completed- before a PR announcement.....
Let us remember that Jim told us more that once that he has received numerous inquiries about demo test commencement, and thus he would be announcing the start of the demo test, soooooo, we can probably rest assured that the demo test has not kicked off yet, and the testing will be accompanied by a PR..... I wish you were right actually (i.e., that we get a PR upon Demo Plant milestone being accomplished), however that is not what we've been told... and so we wait patiently for the PR announcing the commencement of the Demo Testing......
and again, IMHO, and i could be full of carp, is that we get that PR post Labor Day, probably Tues or Wed of next week....
Yaddda-
Have a nice Labor Day !
NCT
Demo Man- Let's hold off on the pay raises and nobel prizes until the financing comes in. Many here have been waiting for over 4 yrs. (note*** the shareholders who like to remind everyone that if you haven't been a shareholder for 10 years, then you shouldn't be complaining, are the same group that sometimes also reminds us that it can take a mine 10 yrs. on average- to be ready to break ground!) - Sooooo, by employing simple logic, nobody should have reasonably expected to reach the 'promised land' (i.e., financing completed) before the first FS study was completed in 2017, the early investors got in early to get shares much cheaper, as the financing was years away...... they did not expect to get financing for many years.
Conversely, with the completion of the FS in 2017, shareholders have been very hopeful about the financing and past PR's (post early FS) indicated that Financing could be around the corner..... Shareholders have demonstrated an almost super-human level of patience in our expectations 'tempering' and recalibrating for a few years now, and while this time around it looks quite promising for the actual financing to happen, i think we all need to give ourselves HUGE KUDOs and PROPs for our patience and 'trust in the process'... Yes, we do have trust in our management team, and we as shareholders have been a very loyal and patient group.... of that, there is no doubt!!
BUT, here we are 4+ yrs. later (since the initial 2017 FS release) and still waiting for financing......Soooo, let's not hand out the trophies and ribbons just yet..... Let's let the skipper and crew bring the ship into harbor safely, then we can pop champagne corks and give awards to the team.
And NO, Demo- I don't think the idea of - " If it takes 3 more years so be it!- will fly anymore.... :) We've come too far......
LET'S FIRE UP THE KILN ALREADY.....
That 'PR is coming shortly' message that Jim S. responded to us with recently- i have a feeling we get a PR early Labor Day week saying that the Demo Plant testing has commenced. Then the 'clock will have started'....
Tick Tock Tick Tock..........
Yadddda-
Enjoy a nice Labor Day Weekend!!
Good Job Stanford Cardinal !!!
NCT
Or more accurately-
"Don't wait for me dear! I won't be home for 48 months"
(for those keeping score at home for the 'financing countdown'...
Huh MB!!??
NCT
Chico! that is some very impressive 'lineage' and 'dot connecting'- thanks for doing the DD and uncovering gems like this- that benefit all MB members....
PR coming 'soon'..... it's imminent.....
LET's FIRE UP THE DEMO PLANT !!!
and throw some marshmallows in the KILN...
NCT
Hangin' in there....... one day/week/month/quarter/year AT A TIME!!! :D
I inquired this afternoon and Jim responded within a couple hours today...
I asked Jim S for a status/update on Demo testing and progress with overall testing.... he responded-
"we will be providing an update to the market via a news release shortly"
NCT
Putz/AO-
Agree.....Even with the piece of testing associated with the Kiln being delayed, other testing is ongoing..... stuff is happening in the background..... thankfully we are not at a standstill..... per the videos and Jim's response back in April
NCT
AO- I hope that is the case, which would constitute a 'best case scenario, however Jim assured us a few times that he would provide status at critical points, i.e. test start, test completion, etc.... I'm sure nothing would make Jim happier than to announce the start of the Demo Testing.....
Soooo, unfortunately i think we are STILL waiting for the KILN and the Demo test to begin.... but it needs to happen within this 48 day window, as you say, so there is still time to fit it in, but each passing day without testing creates a tighter schedule......
ARGH..
NCT
Thanks AO- yet another gust of tailwind in the NIO sail !! very positive, we can throw that on the large pile of catalysts that should make NB very appealing to investors upon financing!
Now we need to GET THE DEMO TESTING STARTED!!!
GET THE KILN FIRED UP!!!!!!!!!
YADDDDA
NCT
You could be right Demo-Man!!.... and i sure hope you are right! agree with ya.... that ($10 SP) would go a LONG way in assuaging disgruntled shareholders and dismissing the complaining from SH's.... It's hard to complain when you're relaxing in a beach chair with an umbrella drink in hand in a tropical resort with palm trees and no work on the schedule!! ahhhhhhhhhhhhhhhhhhhhh
https://www.google.com/search?q=google+images%2Frelaxing+on+island&rlz=1C1CHBF_enUS782US782&oq=google+images%2Frelaxing+on+island&aqs=chrome..69i57j69i64.10066j1j15&sourceid=chrome&ie=UTF-8#imgrc=01aPZXgzLrALsM
YADDA...
ZZZZZZZZZZZZZZZZzzzzzzzzzzzzzzzzzz
Wake me up when the KILN gets here.... and for god's sake handle with kid gloves and DO NOT damage the frikin' KILN while unpacking! we sure don't want to reset the back-order wait clock for another 8 months!!
NCT
starting to hallucinate at this point...... talking to WILSON...... illusions of grandeur-resulting from NIO SP escalation euphoria...creeping into psyche...... someone slap me!!! ( figuratively that is :) )
Thanks Boilermaker- agree... the next ~ 6 weeks should be very interesting!
Another great summary Chico! agree... the events leading up to the Oct 17 conf. should be very exciting... this next 6-7 week window should be VERY interesting... thanks for helping everyone connect dots, for example the Lynas 3x earnings.... portends good sailing ahead....
Yaddda
NCT
JMC- The short answer is NO.... we STILL do not have any status on when the Kiln will be delivered and integrated and Demo testing commencement.....maybe this coming week, hope springs eternal!! . I saw an article recently (shared by a MB member) that said that the demo testing infrastructure was being set up in January of this year.... That would mean that we have been waiing for 8 months for the Kiln to be integrated into the testing hardware - for 8 months now!!
Needless to say, this Kiln supply quagmire situation has been front/center in people's minds as it is the 'gating factor'/prerequisite for beginning the demo testing... I, as many others i'm sure, are VERY EAGER to get a status on this and to get the demo testing started.
Without much to go on, we are left to speculate and SWAG, so here's mine- i am hoping that this 7 week window (leading up to the REE Conference) we are entering this week- will be jam packed with milestone check off's, including:
- Demo testing started (PR) indicating start date within next week
- 2-3 weeks of Demo testing of REE's with PR upon testing completed
- Updating FS with results from the long awaited and FINALLY COMPLETED Demo test (PR Release)
- Possible Finance announcement post FS update ( 2-3 wks. after FS update)
IMHO- We would definitely want to have AT LEAST the news that NIO will pursue REE's AND the associated REE spec's, i.e., quantities, associated revenues, OPEX/CAPEX, processing details, purity levels, etc. etc... when MS speaks at the Conf. on Oct. 17th
Additionaly- they may have procured FINANCING before the conference and MS can tout that at the conf. as well as on every news outlet...... I am quite sure JIM S. and crew know how to strike when the iron is hot and upon financing, execute on maximum broadcast of the message- taking full advantage of the state of the REE supply lines, our financing could be positioned as 'The Calvalry is coming' and NIOCORP is coming to the rescue..... etc. etc... yadda yadda.... It really is that critical of a 'development' in the critical mineral industry..... Hopeful that we play it for every PR minute we can get on the world stage!! cuz the world is in dire shape with the current state of Critical Element supplies....
They just need to push the ball in from the 3 yard line where we are stuck at now...
All IMHO-
YADDDY......YADDDY......YADDDY......YADDDY......YADDDY......
ZZZZZZZZZZZZZZZZZZZZzzzzzzzzzzzzzzzzzzzzzzz
Wake me up when the Kiln gets here.... and be careful unpacking the %^$# thing.... we do not want to have to back order another one and wait 9 months again... UGH.....!!
NCT
HAHA..... good one Demo- it's the proverbial 'chicken and the egg'... (high grade Niobium to make the Kiln :)
Present for which Christmas tho? 2022 or '23 or '24 .....or...... ??
THAT is the question.....
ZZZZZZZZZZZZZzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
Back to Schleeeeep......
NCT
Well another week (and month) and almost a year.....has come and gone.....
and we are STILL WAITING FOR THE DEMO TESTING TO START!!!!!
HARD TO BELIEVE......... 8 + MONTHS of WAITING for HARDWARE (Kiln)!!!!
One has to scratch one's head (or behind) and wonder...........
Will THIS Demo Testing be the 'LAST' milestone before financing or will other milestones pop up, remember, shareholders thought, and were led to believe, that way back in 2017, when a FS was done, it was supposed to get NIO to financing, and then when that didn't work out as planned, a new FS was done in 2019 and rinse and repeat- Deja Vu.... that 2019 FS was also not enough to procure financing..... ,and so here we are now in 2022 and hoping that this time (the 3rd time) is a CHARM!! Without requiring a NEW FS 2023 or FS 2024 ........
And the Beat goes ON...
And ON and ON.............
Tarp STILL on field ...........
beer cans piling up.......
Let's get the DEMO going ALREADY! or find another partner who can execute/get it done.....
NCT
-
Wow! Look at that Dutch! you asked and it was provided! look at how helpful people are! Thanks Grunt!
NCT
We actually know a lot more than just Mark owning lots of shares and having a lot of skin in the game. We appreciate his loaning the company money too... He is also drawing a very nice salary and would not be anywhere as leveraged as he is without knowing that this company will be financed! He is smart enough to realize this project has been very risk minimized...... that is also why i am still invested in the company and want this project to succeed.........
Now, having said all that, the rank and file shareholders can certainly weigh in and comment on the status of progress with the company- and when i see an 8 + month delay on demo testing start- I will definitely weigh in.... especially when we have received no periodic status regarding this requisite step towards financing. I had to repeatedly inquire about the status of this Demo Testing way back in APRIL, in order to get any status....
We need more breadcrumbs and updates....
NCT
The cornerstone investor might be just around the corner......
or the next corner
or the next corner.......
Personally i don't think there ever was a 'cornerstone investor' because no initial investor would have given us a $25 M advance UNLESS and UNTIL they knew that the entire project was a green light for financing and if that is the case, then the financier for the remainder of the project would have been able to forward the intitial $25M to get started.....
Kinda' like the 'Chicken and the Egg'...... but it (the prospect of a possible cornerstone investor) did pacify the restless natives (we shareholders) for awhile! at least until all the REE testing and discussion distracted us from that.......
And the 'Demo Plant Commencement' (hereafter referred to as the 'DPC' Beat goes on and goes on....and on..... and on............Until the break of dawn'
One of these days they are going to take the tarp off the field.... and then we'll be off to the races...... or at least off to the next box that needs to be checked.....
Yaddddd-A
Dog Daze of summer in full force......
Been waiting on the Demo Plant testing for almost 9 months now.... (i saw in a recent article that L3 was waiting back in January for the Kiln equipment for the testing....)............ Comon' ALREADY!!! this testing delay waiting for equipment to arrive is getting RIDICULOUS........... L3 is certainly NOT coming across (in web site presence or procurement, etc...) as a world-class engineering organization, actually more like a garage start-up. I sure hope that L3's execution on the testing is much more professional than their execution on the customer facing facets of their business.....
Sheeeeeeeez.........
Thanks Ice-Man! nice vid....