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I spoke with him a month ago and got the same answer. Waiting up until 2 weeks before a huge lease expires to secure your whole companies future doesn't seem prudent to me.
Read the report. Page 11 and 12. Please tell me where it says that there are measures to protect the lease when it expires. Elda Beethe is holding a nice little piece of land. April 30th is the day. http://niocorp.com/images/ElkCreek_NI43-101_TRR_241900.030_007_20150310.pdf
If Niocorp purchased that land there would have been a huge news release. That would have given the stock a big bump even. I would have felt much more comfortable knowing we owned the land where the money is to be made. Instead we're possibly only a few days away from Mrs. Beethe looking for some other company to lease or buy. I don't know that for sure, but the company certainly hasn't made any announcements or replied to my numerous emails to allay my fears. I welcome information in print that the lot is secured. Otherwise, i'll let my mind run to the worse case scenarios.
I can tell you what worried me as well as the pre-PEA report the last few days. I have tried to contact the company the past few weeks regarding the lease on where 90% of the mine is supposed to be built. No response. I was told by the company that this would be cleared up and a news release was upcoming. The share price was over $1.40 USD on that day. That news release never happened. That lease expires in a couple days. I have been a loyal shareholder of NIOBF for years and this could be bad. I have been nervous about it, but trusted the company to straighten out. With the blunder of the pre-PEA release and a few other mistakes recently I'm no longer risking my life savings on a company that can't answer their phone or email. When you do talk to someone on the phone they know less than the average Investorshub reader does. I should have listened to Blairman yesterday.
If SCY has an expected NPV per annum of $175 million on 35,975 kg, niobf is worth far more for just scandium. We won't know for a while yet, but I'm betting we could produce over 100,000 kg per year over 40 years. The article doesn't say what scandium price their figures are based on so SCY's numbers could be inflated. As others have pointed out numerous times on here,we don't know what the actual market price is for scandium per kg. It is exciting to think that Elk Creek could produce an extra several $100 million per annum on top of what we originally thought was possible with niobium.
Mackie seems to be in on every other buy.
I liked you all so much better when we were making money. I feel like we're drifting apart.
vmsr,
Some people on here lost enough money in the last half hour to buy a luxury vehicle. When you throw around statements like that after people have invested so much time and money, you're bound to get some negative feedback. We try to keep the name calling and cursing to a minimum here though. One of the best boards on the hub.
et tu Blairman?
Sure was an awful lot of belief in the company up until last Thursday right? Nothing has changed with the managements goals or the material in the ground. There are a lot of people and companies with shares that have no interest in whether the mine gets built or not right now as long as they make some money. Sell your shares now if you're afraid. Better get a dog too.
This is fun. Not
Sorry Stark. You are correct "Preliminary Economic Assessment". I'll go bold...U.S. Why not? The company is going to be worth 70-80 billion if they were able to sell every ounce of Niobium, Scandium, and Titanium. Have you ever made any real money in the market after all of the economic numbers were released. Nope. This is where it is made.
Agreed. I think that buyers for the whole company though would look more favorably on a higher percentage of supply sold. I guess it would depend on whether the buyer wanted a large quantity for their own supply though. I'm not an expert inversor, just a guy with an opinion who like's to make money. I'll leave the real thinking to Mark and the team.
Oh, and anyone seen Seawolf? Kind of miss his optimism. LOL
ThyssenKrupp wants to sign offtake for more supply, but Mark said no. What does that tell you? I don't think he wants to sell the company. If he did, he would sign as many agreements for as much as he could and then be able to show the actual value for the next 10 years. That would make the company more attractive to most buyers, knowing their supply was already sold before it's out of the ground. He knows what the mine is worth already and I'm guessing $500 million to build the mine is going to take about 10 mins to get once the full feasibility study is released late Q3 or early Q4. I predict we'll have the financing in place even prior to that though. That pre- feasibility is out next week and I predict 3 dollars or higher by May.
I'm literally giddy! I feel like going drinking and it's only 10 am here. Well done fellas. Well done. Slow clap to loud applause.
With all of the new developments, what is the consensus on a buyout? And at what price? I know Mark has said that he wants to take this all the way into production, but what do you think the bottom line would be? Also, do you think it would be an all cash offer since I know some think CBMM (private company)could be a contender? I personally want to see production. I think it would be very satisfying to have been a part of a company from just a 100 acres of dirt to an international multi-billion dollar company. Niocorp is the headline on a lot of websites today.
Better bid $0.715 if you want some today.
Haha. I'll take it. Much rather it be the metal than oxide!
87,120,000,000. What does NPV go to with an additional 87 billion in the ground?! But you do have to take off the $20 per kg to get it out of the ground. lol. So let's just give it an approximate $86 billion.
Why is Silver Bull mining stock so low based on your example of a feasibility study? Any positive examples of a company that created a study, built a mine, and share price went up accordingly? Any of our mining experts here have examples they can think of?
I believe that investors have no clue about what this means. I can't wait for the BFS so that people can finally see in black and white how much this company is going to be worth. My sp prediction is $2 by December and $4-$5 by late 2016 and $7-8 by 3rd quarter 2017. From there actual profits will start to determine share price. Hopefully $20-$25 by 2019
Wrote Senator Davis an email about LB201. I suggest more people do the same. There is not much gain in creating a tax on something that has never even been mined and sold on Nebraska soil. It is clearly a greedy tactic that could backfire horribly to the detriment of the state.
LB201 - Change provisions relating to uranium severance taxes
adavis@leg.ne.gov
This is a really good article. Explains the importance of other suppliers in the niobium market and the ease of mining in the U.S. vs Canada. Many on this board follow Taseko Mines Limited (TGB) also. This gives some good info on that project as well.
http://www.biv.com/article/2014/12/meet-niobium-mining-markets-hot-new-supermetal/
I've read it several times this morning. I've also risked a lot of money that this would happen. I still wouldn't mind some positive results from other companies that some posters here may be willing to share.
Can anyone give some positive examples of share price rising due to an offtake agreement being signed? The stocks I've researched recently barely had the needle move with similar news. Some companies have even had stock prices drop after. I've been holding tight with a significant amount of shares and am very pleased with the news. Other examples in the mining sector with positive results would be appreciated. Thanks.
I have to admit, I did get a little excited for a second. I do expect us all to have a moment where this stock really does jump one day though. Probably not 5000 percent but if they sell or get mine financing, I bet we have a 200 or 300 percent day.
Me too! I'm now worth almost $700 million dollars!!!
So....If the company were to sell Q1/2015 right after the BFS, what do you think the share price would reach? I like the idea of raising the capital to go into production better. I would love to hear people's views on the share price if the company was to be sold though.
If the resource turns out to be $26 or 27 million, what is that worth per share if they can profit say $400 million per year? I own a significant amount of shares and I'm hoping to ride the company to at least $20 per share. I personally think the shares are dirt cheap right now and I would buy more if I didn't already own so many.
I think it's a long shot, but definitely a possibility if NIOBF soars like we all hope it will.
What if?
With the decline in Molycorp stock and the rise of Niocorp stock, I've been thinking. Could the student become the teacher? Could Niocorp ever buy Molycorp? We now have the familiarity of almost every executive working for NIOBF, formerly working for MCP. With stock options being held still for MCP by NIOBF board members, you have to think that if the opportunity arose they would jump on it. Obviously this is a big what if because we need a lot of money to even build a mine. If a mine gets built though, without a significant portion of the company being lost in the financing, couldn't it be a possiblity down the road? Assuming of course that Molycorp doesn't go bankrupt in the next 3 years. Our market cap could certainly overtake theirs in the next 2 years. Rare earth metals aren't going to be undercut forever either. Is there a day that Niocorp execs don't check the Molycorp stock ticker? I would love to hear some opinions on what it would take for this from you finance guys on this board.
Nevermind. I was able to look it up on my own. Google never ceases to amaze me.
Can anyone explain what a pilot plant is?
Informative post Stark. With all the work it takes to remove the niobium from other ores, it's a wonder it ever came to be a viable option in any industry. I'm glad the processes are getting better, because that seems like a tough job.
Too bad there's no mention of Niocorp. I'd pay $100 for the full report if there's 21 others on here looking to go 22-sies, lol. I can't believe that there hasn't been more stock purchased in anticipation of a mine being built. As much money as steel companies have in the US and China it's hard to believe that one wouldn't want to step in while shares are cheap. 20 million dollars can buy a quarter of the company. I have been pleased with the results of the drilling, but it's just reaffirming the old results. The niobium is in the ground. If this was gold or even silver companies would be breaking their hand trying to click Buy so fast. If I had a company that was going to need material for the next 30 years and beyond, I certainly wouldn't wait until it was 10x the price to buy. Why not secure your niobium for the future by owning a significant portion of the company? I realize there is still speculation as to how much will be able to be recovered, but is there any doubt that one company could have all it's needs met for years to come with a very small investment? It seems like a no brainer to me.
That would be awesome!
What happens to the shares that become free trading Monday? Can anyone buy them at $0.20 or do they go for the current market price? I've never been invested in a company that has shot up as quickly as NIOBF where price per share is 3 times higher than an offering a few months before. Any insight would be appreciated.
If they were to offer $10 a share I would take that money and buy more IAG. Or buy whatever company they would create with Niobec to make that just their niobium mining subsidiary. If they had 2 operational niobium mines I would be a heavy shareholder. I think my main point is that I am long on niobium and whoever can extract it best.
And just shut down a producing mine? Shareholders wouldn't go for it.