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You are dead wrong about the retirement part. That depends on different factors. There is a difference between someone who has 100 shares vs someone who has 250k, 500k or 1 million shares. Also depends on at what price point they sell. Do they hold for dividends? No one knows the future and how high this stock will go. So to say that someone can not retire off of this is just wrong.
I trust Mark Smith and the data in the FS 100%. You and lcp..... 0%
Mark Smith has accomplished great things in his lifetime. Molycorp was an incredible achievement. He came out of retirement to make this project happen. He will see it through to the end. This will be a producing mine.
Excellent post, I agree.
The fact remains that if customers want large quantities of Scandium, they will have to pay our price for it. They can not get large consistent supplies of it anywhere else.
You want constructive? Here's constructive: This is the NIOCORP board, not "lcp personal stock picks" or "lcp personal agenda" board.
I agree!
"Project Finance: The effort to finance the Project will kick into high gear after release of the detailed FS documents. Actually, I have been engaged for many months in preliminary discussions with major investment groups across several continents. At this stage, I can report that potential investment interest in our Project is high, assuming that our FS findings, prospects for sale of our commercial products, and other factors are considered attractive to investors. Institutional investment funds and lenders will go through our FS documents in great detail, and they will challenge us on virtually every point of the FS as part of their due diligence process. Fortunately, we have been through this process before and we know what to expect and how to prepare. This is yet another reason why it is critically important that a project’s FS be done with great attention to detail and accuracy, and by teams who are veterans of this process.
Mark Smith talks about personal values and NioCorp's corporate culture and how it helps to drive environmental innovation and permitting streamlining.
One major element of our financing package is a potential low-interest loan guarantee from the German government through its Untied Loan Program. Because of the fact that we secured a commercial offtake agreement for up to 50% of our Ferroniobium with German-based ThyssenKrupp, the Project has received in-principle eligibility approval under this program. The next step in this process is to have German loan guarantee program officials review our detailed FS documents.
Construction Launch: While the launch of construction activities in Nebraska is contingent upon many factors – sufficient permitting approvals and sufficient access to capital resources, to name two of the biggest – my hope is that we can begin construction activities by the end of 2017 or in calendar Q1 of 2018. The expected length of construction period and launch of commercial construction will be outlined in detail in our FS. But, believe me, I intend for us to push forward on all of these fronts as rapidly as we can."
From the last shareholders update. Exciting times ahead!
I have no problem with them raising more money. Obtaining financing is not cheap, this has been explained before.
The FS is conservative on purpose, and John Kaiser is not the authority on Scandium, he is one person, who is heavily invested in a competing Scandium venture.
I was always under the impression that it would be debt first.
“The primary goal of any project feasibility study is to de-risk the proposed project such that financing can be obtained,” said Mr. Smith. “This feasibility study accomplishes that core goal. Coupled with the fact that we have commitments for 75% of our ferroniobium over the first 10 years – 50% going to ThyssenKrupp Metallurgical Products and 25% going to CMC Cometals of New Jersey – and that we have in hand a major federal government permit, this project is significantly de-risked at this stage. In particular, it will allow us to continue ongoing discussions with potential institutional investors in Europe and elsewhere, including with the German Government’s loan guarantee program, for which the Elk Creek Project has already received in-principle eligibility.”
I have 100% confidence in Mark and team to complete this goal and obtain financing. He has done it before on a much larger scale and in a much more difficult climate. He will have no problem here.
Excellent post. This can be a reason why some companies would want to buy our Scandium as opposed to Scandium from other producers.
I agree
Agreed, looks good!
There you go again assuming. Not everyone invests by charts. Not everyone is a trader. Many of us are here for the extremely strong fundamentals, that have not changed, and have only grown stronger. I could care less about the chart. Charts change all the time and traders are wrong more times than they are right.
So you think that you alone represent the entire market? You don't speak for everyone, so stop trying to.
No confidence? Speak for yourself. Seems to me that you are the only one with no confidence.
I guess you didn't listen to his speech. He is going to re-enter the agreement with better terms for the U.S. or draw up a new agreement altogether.
Trump to withdraw and then re-enter the agreement under better terms for the U.S. I like that.
I find it a bit ironic that the very thing you accuse him of, you have done yourself. It is time to get on with your life peter.
How about the tale you told on here? The one where you said you would not post here again until the FS. Your word means nothing.
Seems to me that the recent share price has more to do with people being tired of waiting. Has nothing to do with whether the project will succeed or not. No one has a crystal ball. Just because some sell doesn't mean they know any more than the rest of us. They see the same press releases that we all do. They are tired of waiting, plain and simple. There has been nothing but good news from the company so far. Nothing to me indicates otherwise. People getting nervous for no reason. The strong fundamentals here have not changed, and we are closer to the finish line than ever. Mark and team have moved this project along at record speed. Several years faster than the normal rate for projects like this.
It is worth much more than that, I don't see this ever happening.
What you're describing sounds like an absolute worst case scenario.
I would not want to see that, and I'm glad Mark has repeatedly stated that the plan is to build the mine to completion, not sell out.
This has about as much potential as a losing 1 dollar scratch off ticket.
Nothing going on?
No news here?
Excellent post! I agree
Agreed, he keeps on poking at the hornets nest and we are all tired of it.
Agreed!
The silence here is deafening...... No PR in a very long time.... It must mean something is wrong...
Crickets......
Answers to your questions:
Mackie wanted to invest. After the private placement in Feb/March there was still appetite for additional investment. This is why they went to Niocorp. Niocorp is open to anyone wanting to invest. This money will help move things along during the financing stage of the project.
This raise does not mean something is wrong. The FS is on track and the highlights will be released by the end of Q2.
Niocorp is now focusing beyond the FS and on the capital needed to start construction ASAP. That is what the money is for. It takes money to raise the large tranche that they intend to.
They started this process last year so that they could hit the ground running right after the FS.
Niocorp is on the process of assembling the debt syndicate needed to provide financing for the debt side of the project.
RPM Global that they recently hired is part of that process.
Banks require a large amount of due diligence, that Niocorp ends up paying for.
This is how projects like this get financed and built.
Part of Niocorps jumpstart to construction, includes: attracting capital, hiring more staff in Nebraska, moving detailed engineering to the next stage and completing the necessary permits, and many other things.
That is his job, investor relations. That is what he is there for, to answer your questions. Again I ask you, what questions? Everything asked on here has been answered, and not just my questions. It seems like many are too lazy to pick up the phone.... Or maybe they don't really want answers, they just want to complain. I can not count how many times I've had to get answers about questions on here from the company and then share those answers. I am not here to hold everyone's hand. If you have questions, and real questions, then why don't you seek the answers?
What questions exactly? I talked to Jim, he answered all of my questions. I'm not worried about anything. Every concern brought up has been answered.
Why don't you quit demanding that I do something for you. I went out of my way to get the info when many here would not and share the summary of that info. If you disagree with it or think you are more of an expert than management, that is not my problem. You can go get your own answers.
Yep, he went into detail. You need quit being lazy and pick up a phone, or email him. It would take just as much effort as your attack posts.
Give Jim a call, or email.