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I just want my team to make a move to help them win the pennant.
That is correct. As long as they don’t have any issues when the furnaces that are installed we will have real time data to show how profitable the mine will be with REE’s. It should take approximately 2 weeks. From there they can tell the world the numbers. After this they will implement them into the FS and update numbers, add additional equipment, and buildings needed. This will take some time as well.
I would assume just like we saw with the new FS they are being proactive and taking care as much as they can until the numbers are identified. Not much else they can be doing as L3 is taking care of the plant to be ready to bolt and go with the furnaces upon arrival.
We will see a material news announcement when this process starts.
Impatiently waiting myself. For the long wait I'd expect some robust numbers.
Hard to say. But probably yes. My friends and family have 1,000,000 shares does that count? :)
Thanks for this tidbit of information.
I’m with you Crit. I don’t know “when” we will get financed but the book of common sense shows this will indeed come to fruition.
If this is a hidden gem this could be a good, great, or even grand investment (once in a lifetime). I’m as impatient as the next person. I really feel the REE data we should see when they start at the demo plant will be the start of big things. I believe we will see a cornerstone investor come shortly after if I had to guess.
When Mark stated 80/20 debt/equity I was a bit excited but cautious as well. Looking at the landscape of the world, the eco friendly environment they will be apart of, built and used for USA products, this is a grand slam scenario in my opinion. I think the 80/20 is obtainable.
I’m hoping to add a few more shares to my investment while I can next week. I think in the near future we will be double where we are currently at if not more. REE news will spike. Then the final report with the economic analysis added with the REE’s will push it north. Starting of financing, more off takes, exploring and finding more minerals open and depth and width, etc.
All of these achievements will help push this north, ALOT. Regardless I don’t foresee the price getting anywhere close to this again once this process starts.
Soon, very very very soon. IMHO
GM
https://governor.kansas.gov/kansas-lands-4b-4000-job-panasonic-energy-electric-vehicle-battery-plant/
Only a few hours from Elk Creek.
Hmmm
Prior to all this they will have drilled to see if there is more in the ground too. This should increase value of the share price. Along with getting financing. Also showing the REE’s and how it contributes to the over mine economics. My response yesterday didn’t state any of this information. This is why I believe to buy in now as we will see some spikes in the share price when these things happen along with a few others.
Yes. Very good time to get in. With some big news on the horizon I believe it would be a good time. Of course do your own DD.
If I had more share cash around I’d be buying more myself.
GM
I think we will see some sort of announcement when they start of some sort. They are still partaking in lots of other things while we are waiting on the furnaces too.
Lots of moving parts. Only part I want is the PPS to move higher.
GM
I am on top of it. I have not heard if they are in route or up and running yet. I check in weekly to ask Jim.
Don't forget with your timeline they will have to update and complete the necessary engineering and cost estimates required by an NI 43-101 analysis to show how they plan to put in rare earths into the flow sheet.
2-3 weeks for the demo testing. Analysis and updating the F.S. with these numbers, along with engineering, my guess is 2-3 months minimum until this is all complete.
I do believe they will be able to get some form of financing when the REE numbers from the demo testing are found. Maybe the cornerstone investor appears at this point?
GM
Didn’t someone say we were having some PR’s this week? So far, nothing…..
Very well could be. Let's see if anythings comes from it.
I muted you. Ya big Putz! Lol
JK
I remembered.
Hopefully they were busy wrapping up financing and that is why. They can't have a press release for everything. If you want details just send them an email. They respond as best they can given the guidelines they have to follow.
Half full approach. Good things to come. Sooner than later.
GM
I believe Scott said 2 weeks it will take to run it to gather all the data they need in the last investor update when we heard from them all. If someone else can confirm that as well I am going off memory. I think it is correct though.
They have been accomplishing a lot up at the plant actually. See Jim's response below from last week to me.
"We are only awaiting a few small specialized furnaces. Scott flew to the plant this week where these furnaces are constructed to move them along faster. In meantime, the team in Quebec is prepping for the demo plant run – getting the final plant configuration set, completing all the piping and electrical work, fabricating some components using 3D printers, and developing the analytical procedures to give us near real-time results from the demo plant run. They have the plant ready to “drop in” the furnaces, so once we get our hands on those, we will be ready to start up almost immediately. The L3 folks are definitely not sitting on their hands."
Jim has been transparent with me throughout the process. I know it's taking awhile, but they are doing what they can with what they have.
GM
It’s hasn’t arrived as of yesterday when I asked Jim. He said he was hoping to have something to provide soon to this matter.
GM
Wait until the REE numbers and higher mineral prices are calculated. Number will look much nicer that $9.47.
Market is getting crushed today as a whole.
Amen. Things in this board do matter.
I wanted to clarify that as I took my last message down.
Happy investing. Looking forward to seeing some REE #'rs soon.
Yes Douginil. That’s my favorite part of this project.
It’s a positive what if (being bigger)!
If nothing more comes out the ground we are still all winners when the share price rises after financing is announced.
I suspect that won’t be the case.
Won't be on the NYSE until they get financing. Financing should happen before 2022. I don't care what happens after that because we all know what will happen. This stock will explode. If it's on the NYSE that works.
Just make a deal. Soon. I can wait until the results come in for the REE's to add to the economic gains. After that is done. This company better start seeing some financing.
Better not be 2023. This wait has been beyond long enough. He stated in their last public forum they would be done by the end of 2022 hopefully.
He didn’t have to say it and did. It’s time for him to deliver even if the package he gets us a B+ instead of an A in our eyes.
It’s time. FOR ALL OF US.
When the ore body is 2x5 times bigger you have a $50-$100 stock.
simple math…
If it was just that easy.
I agree
That is a very good question.
Sounded irritated that the party he has initially been talking to is taking longer than he’d like to get things accomplished and done.
I took the demonstration plant to be complete with machinery still being sent in to compete the task (weeks according to Scott) and then the two weeks to process and collect data as this.
Short term 2 weeks and 2 weeks = month
If it’s multiple weeks for the machinery to arrive we will call it a month. Then long as processing goes smoothly = 2 weeks.
Add in a few weeks to put in financial data.
Short term month and a half to get data published.
Long term = 2-3 months.
Please feel free to share your thoughts anyone that listened today.
Like I said I wasn't going to say everything that was incorrect in the article. This is just one example which you stated.
The article has a lot of points. Some which aren’t even true. I won’t make a list. But, the author of the article isn’t up to date with everything going on to this point.
Everyone is entitled to their opinion. Mine is very positive and the company continues to move forward in a positive manner.
Scott Honan spoke on Proactive about the project. The link is listed below which I found this morning is a short interview.
https://www.proactiveinvestors.com/companies/news/982962/niocorp-developments-has-a-very-large-rare-earth-deposit-in-nebraska-982962.html
Great post, Thank You
I’d be very happy with that share price
Before or after the addition of the REE’s?
:)
I thought this exact same thing earlier today as I was rereading the article you posted. They state they have the A-E options in place.
What I don't know is will all of these options be used or do they only use some of them pending on the results of the REE's?
Example. REE's are fantastic and generate lots of revenue. Does A be used because it is a 80/20 debt equity? Or If they are good not great does B be used 70/30, etc?
Lastly, are they all being used and just the order they finance the mine other than the cornerstone investor and German Loan guarantee?
Regardless I have been on this board a long time and haven't seen comments like this. WE ARE VERY CLOSE.
This is very good to see. I anticipate even more major publications and news channels picking this up as well.
Thanks for sharing
New information out as there was a correction to the amount of Minerals in the resource. The numbers are much higher (positive) than the original news release.
632.9 kt of TREO, including these individual rare earth oxides:
26.9 kt of praseodymium
98.9 kt of neodymium
2.3 kt of terbium
9.1 kt of dysprosium
970.3 kt of niobium oxide
11,337 tonnes (“t”) of scandium oxide
4,221 kt of titanium oxide
The news release prior stated these following numbers
9 kt of TREO, including these individual rare earth oxides:
9 kt of praseodymium
9 kt of neodymium
3 kt of terbium
1 kt of dysprosium
3 kt of niobium oxide
11,337 tonnes (“t”) of scandium oxide
4,221 kt of titanium oxide
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