long investor in Niocorp
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Agree 100%;)$
Page 109: Recovery
Estimate Assumptions
Based on the recovery factors defined from SGS the niobium recovery is approximately 61% to 75%
in flotation, with the completed phases of the hydromet testwork
demonstrating very high recoveries,
based on testwork completed to date
.
Testwork remains on
-
going with more detailed work and
results expected in fourth quarter 2014. SRK has assumed an overall metallurgical recovery of 60%
for the purpose of the current study during the definition of the CoG
Page 97: Look at the Scandium increase!
101 Technical Report, Updated Mineral Resource Estimate
–
Elk Creek Niobium Project
Page 97
•
Bench test completed to date demonstrated
grade achieved in the base flowsheet.
•
Niobium is precipitated selectively from Ti in the SAAB
Niobium P
recipitation step, which
allows for the potential recovery of a TiO2
product in a simple precipitat
ion step following
the niobium precipitation step.
•
The potential Scandium recovery is increased from 40% to 50% in the base flowsheet to
70% to 90% in the SAAB flowsheet, as Sc values more readily dissolve in the SAAB
leaching step.
The increase in the last two points has led to the requirement to estimate the TiO
2
and Sc content
within Elk Creek as this could potential provide additional revenue streams to the project by
producing saleable products.
Testing is underway at SGS to refine the conditions for
the SAAB flowsheet to maximize recoveries
.
The SAAB flowsheet will then be
tested as a small
-
scale pilot
(estimated
March and April 2015
)
,
followed by a full pilot to confirm flowsheet conditions and metallurgical performance
$1.61 TSX.
Jitney Brokerage is a huge buyer today!!
ecent Trades - Last 10 of 610
Time ET Ex Price Change Volume Buyer Seller Markers
11:56:44 T 1.55 0.09 4,000 99 Jitney 33 Canaccord
11:56:44 T 1.55 0.09 3,000 99 Jitney 33 Canaccord
11:56:44 T 1.55 0.09 2,000 99 Jitney 33 Canaccord
11:56:44 T 1.55 0.09 1,300 99 Jitney 33 Canaccord
11:56:44 T 1.55 0.09 1,700 99 Jitney 1 Anonymous
11:56:44 T 1.55 0.09 300 99 Jitney 1 Anonymous
11:56:44 T 1.55 0.09 4,700 99 Jitney 33 Canaccord
11:56:42 T 1.55 0.09 8,500 7 TD Sec 33 Canaccord
11:56:29 T 1.55 0.09 3,000 99 Jitney 33 Canaccord
11:56:27 T 1.55 0.09 4,000 99 Jitney 33 Canaccord
it will be under the Title of "Stakes & Claims"
in about 2 hours they will post it on the BNN website under recent videos or the videos from todays shows
yes its over
ALL time high $1.55 I guess the market is watching :)
I like how he answered the question about" what if CBMM just floods the market with NB, and reduce the cost. I wonder if he didnt mention Scandium because of TSX regulations? Great exposure for us today WOW PEA due next week he said and he said, " Then you can ask me all day about the CAPEX " must be a good report, he sure looked and sounded confident and TK wants to agree to MORE than 50% of NB production , but he said he wants to diversify supply, maybe for a USA company I hope.
BIDS are growing fast now, before the interview
This is better News release on NB ringing the bell on TSX
http://www.newswire.ca/en/story/1500035/niocorp-developments-ltd-opens-the-market
Largo is ticking up today,HMMMMMM
we need to get some Face recognition software asap , for NB and everywhere Mark goes and who he meets LMAO NIce Volume in the US
Ya BABY lets fire it up, MORE STARBUCKS for all NB investors!!!!!!
Mark will be on the Commodities show today, I will be watching it live!!! BNN
WOW I Just watched NB ring the bell on BNN in Toronto on the TSX awesome the whole team was there I took a picture if anyone wants to email me i'll send it to you LOL big team about 14 people
I have it on a 24 hour ALERT waiting to see if she pulls below $1 first but now with Mark there it should give it support? i dont know LOL
Nice thx LCP77
I think so and it correlates with Mark and Peter being at the TSX to ring the Bell!!!!!!!!!!!!
I cant find it either, maybe it gets aired later or I thought it was Wednesday?
BNN Interview must have gone very well, New rash of buying now on TSX and BIDS rising fast
Peter is in Toronto now cant answer any questions
same here, Then your stuck like some Belgiums buying back in Higher LOL
Can someone Post Mark's BNN interview if they find it please Thx
No Vanadium chart has a solid Base historically at $5.00, so in contrast there has been a 5%-6% Rise in Global consumption in the last 5 years and expected to continue, so it should offset any small reduction in V cost
ALL Time high $1.33 on TSX :) I guess Market likes the News LOL
BID just jumped to $1.31 75K :)
126K on the BID at $1.29 that I see on TD Waterhouse and I just ticked up for the first time today by 26K :)
I agree Dutch123, lets wait, the PEA is probably out Monday or Tuesday, that will tell the Whole story. Mark seems to Always have a method to his madness.!!
But it is generating cash and the 12 month ramp sees Vanadium production increasing quickly in 2015, so more cash flow positive. I'm sure they will get the 50 Million needed. they have huge institutional supprot, Glencore as their Offtake partner and a huge Korean conection.
Market looks positive on the news early BID is $1.29 100K?
haha im an idiot lol
Notice in this Largo article from last march that heir head office is in Toronto and that is where Peter Dixie was on his way to tonight? HMMMM
http://www.proactiveinvestors.com/companies/news/52750/largo-resources-has-potential-to-become-major-low-cost-vanadium-producer-euro-pacific-canada-52750.html
Notice the Time of this release: 1:24 Pm today, yet thats 2.5 hours before the market closed, so it seems with all the late day buying at $1.28 to $1.29 maybe the Market got a quick view and reacted positively?/ :::
http://vanadiuminvestingnews.com/6687-niocorps-mark-smith-to-join-largo-resources-as-ceo.html
Monday March 9, 2015, 1:24pm PDT
Largo Resources (TSXV:LGO) announced that it has appointed Mark Smith as its new CEO. Smith is currently executive chairman of NioCorp Developments (TSXV:NB) and was previously president and CEO of Molycorp (NYSE:MCP).
As quoted in the press release:
Largo is pleased to announce that Mr. Mark A. Smith will become the President and Chief Executive Officer of Largo effective April 1, 2015. Mr. Smith will succeed Mr. Mark Brennan who will be retiring as the Company’s President and Chief Executive Officer effective the same date. Following his retirement, Mr. Brennan will continue to be engaged by the Company as a consultant for a period of a year to provide assistance with the transition and in order to help conclude the amendments to the Facility. Mr. Brennan met with the board of directors last fall to discuss the next stage of the Company’s development and indicated his desire to explore new career possibilities. The board appreciates Mr. Brennan’s flexibility and cooperation in leading the Company over the past several months while they worked to find suitable replacement.
Largo also provided an update on financing for development of its Maracás Menchen Mine, stating that it will need an additional C$20 million in funding in 2015:
In connection with this process, Largo has identified certain additional capital expenditures which will be required to be made over 2015. These expenditures will include the enhancement of the availability and recoveries of the leaching system and will accommodate future expansion.
As a result of these additional expenditures and existing working capital requirements from the current ramp-up, Largo anticipates that it will require additional funds from financing activities of approximately CDN $20.0 Million in 2015. The expected capital requirements could change depending on vanadium prices and production results over this period. Included in the expected 2015 capital requirements are certain payments required to be made under its current debt facility (the “Facility“), one of which is required to be made on March 15, 2015.
The Company anticipates that it will also require additional financing over the course of 2016 of approximately CDN$30.0 million to fund its debt servicing requirements (after restructuring the existing Facility) and certain other payments.
The Company is currently negotiating a short term debt facility (the “Bridge Loan”) with potential investors to fund Project and debt servicing requirements under the Facility until May 2015. In the absence of the Bridge Loan or other agreement with the lenders under the Facility, the Company would have insufficient cash to meet its obligations.
The Company will require additional capital by May 2015. The Company anticipates that it will be seeking additional financing to coincide with amendments to the Facility that are currently being negotiated (see press release dated February 23, 2015). It is anticipated that the lenders under the Facility will require additional equity capital as a condition to the contemplated amendment of the Facility.
But thats not possible? I see the last trade at 4:59.58 3K shares traded at $1.29??? I use TD waterhouse where do you see $1.18????
1,251,300 shares traded. we shall see in 11 hours LOL
me too Walter, Its very common to have multiple Mines if they have a real correlation and Vanadium does with Elk Creek
I spoke to someone else aswell, it is viewed as a very positive bit of news
symmetry in resources, future could hold benefits to NB
COMPANY NEWS ALERT
NioCorp Commences Trading on the Toronto Stock Exchange (ccnm)
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 9, 2015) - NioCorp Developments Ltd. ("NioCorp" or the "Company") (TSX:NB)(OTCQX:NIOBF)(FRANKFURT:BR3) is pleased to announce effective at market opening, March 9, 2015, the common shares of NioCorp commenced trading on the Toronto Stock Exchange ("TSX"). Shares of the company were delisted from the TSX Venture Exchange ("TSX.V") effective at the close of trading March 6, 2015. The trading symbol on the TSX remains "NB", and there is no change to the CUSIP number.
"This is a tremendous milestone for the Company and all our shareholders, as we continue to develop the underlying knowledge of our Elk Creek niobium, scandium and titanium deposit," stated Mark Smith, CEO of NioCorp. "Graduating to the TSX, recognized as one of the premier exchanges for mining companies in the world, will allow NioCorp access to additional investors and institutional sources of capital to enhance our abilities to continue our aggressive development plans for Elk Creek as we work towards completion of our feasibility study this year."
In addition, the Company notes that CEO and Executive Chairman Mark Smith was announced as CEO of Largo Resources Ltd. effective April 1, 2015. The board of Directors of NioCorp are fully supportive of Mr. Smith, with complete confidence that this will not affect his abilities to carry out his duties with NioCorp. Joseph A. Carrabba, lead Director, provided the following comment, "Having seen the abilities and work capacity of Mark in his past positions with large mining companies, including Chevron Mining and Molycorp, the board felt very strongly that his abilities to simultaneously carry on all his duties for NioCorp would not be affected by his appointment to a position with Largo."