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Just to throw it out there! Any interested parties potentially looking at Niocorp with the idea of a JV or
an acquisition of ??% stake, or a full buyout, lock stock and barrel, would know what Niocorp has now! (rough and dirty ). Molycorp has done a vast amount of the leg work back in the 60's & 70's, drilling, surveying,hugh amount of data, etc. etc., saving Niocorp $millions and a few years head start! resulting in a very rapid feasibility study! IMO it is obvious to me that this will prove to be economic and profitable. It's important to note Elk Creek has a high grade starter zone which is almost double the grade of Niobec-IAMGOLD !
So I think the best option of the 3 possibilities for the shareholders would be the ( full buyout!). Now what's a fair and equitable price for a, $ 27,000,000,000 niobium resource, with superior infrastructure, full support from the state government, etc. boxes are all ticked, a gem ready to go!!
I ask the question? $3billion?, $4billion? (what ever the amount, you can bet it would be less right now than a few years down the road. Any feedback, what are your thoughts? Cheers.....
Mark has drawn a comparison in a recent interview what he believes Niocorp can be, and could easily be compared to the likes of another mining company in the USA, "Stillwater Mining Co." ( NYSE: SWC ). market cap $2.207billion, share price currently around $18.60usd.
I think you can get some idea where Mr.Smith wants to go with this "niobium gem" Niocorp! Be long and be strong! IMHO. Cheers.....
AK74, so 7.5mil.kilo per year, at $45per kilo = $337,500,000 per year gross! That sounds like a lot !
$1Bil. In 3 years....
Opening higher!
Results from analytical analysis for the final 390m of hole NEC 14-006 are expected shortly! maybe we will have some N/R before the weekend?
Stark12, thank you! for finding this excellent synopsis on NioCorp's, Elk Creek mission statement, pretty much sums it up! Nebraska wants this project to come to full fruition, which sure makes life a whole lot easier for Mark and the team moving forward to a mine build! All the boxes are ticked, rarely is there this much co-operation in the mining industry worldwide! Barring some unforeseen incident, I think a Niobium mine built at Elk Creek, neb. is at least 95% chance! IMHO. Cheers...
Sure Gary, no two projects are the same. I can only speculate and do my best to reveal some known facts! The investor article just out revealed some informative news, such as; If the company's current resource estimates prove to be accurate, they will have a similar sized deposit to Niobec but with 50% higher grade!
Generally what I know is there is a spike in the stock price when the final permit is granted to build a mine!
Then there is another spike when construction begins!
Finally, there is a large spike a few months before production begins! So in my case I tend to sell 25%, then 25%, and then the final stage, 50%. Mark is moving quickly on this, not dragging his feet! I was quite suprised to read, he has not sold any of his shares in Molycorp! $80.00?? Cheers....
NioCorp's Target Price?? Mark Smith, Quote; (Elk Creek could be just as strategically important and lucrative than Mountain Pass). We all know that Molycorp share price hit a peak of, ($80.00usd. 2011)! If I had to take a look into my crystal ball, (Molycorp historical shares outstanding Data, Dec.31, 2011, 83.9 mil. Shares.) I would say; NioCorp S/P. somewhere between, $40 and $60... I'm not too greedy, so $25.00 works very well for me! Keep in mind, this is the ( only! ) Niobium mine in the USA!! food for thought. Cheers....
Ashford, nice find! more validation from the locals, moving on forward!!
Niobium wasn't used like it is today and the price plummeted down to $2.00 per kilo. Molycorp spent millions but they made a corporate dicission to concentrate on the California project instead! more viable at that time, 45 years ago...
Thats a perfect score! 100% across the board!
Next stop, $.75+, all aboard!!
PS. $400-$500mil. Should be no problem! there will be an Asian queue wanting to have a small stake in NioCorp so as to secure their future supply line!
Remember the asian consortium that bought 15%of CBMM for $2bil. maybe a similar
deal here? cash flow problem gone! Share price through the roof!
Soon we won't see south of $.75 cents again in my lifetime!! IMHO
Let's see if we get a N/R today? push us into the .70-.80 cent range!
RE: The Subsription is insanely expensive!
Iversor86, nice find, but I an't paying that much! maybe it will come out as a news release soon?
"my little niobium gem", by Mark A. Smith
Mark's new book title! hehe, soon to be a best seller.
Mark Smith took Molycorp from $9 to $75 in 10 months!! That's all that needs to be said! The rest is pillow talk! The man knows what has to be done! He has 12mil. shares worth of skin in the game! let him do his magic, and ride his coat tails! Cheers
No need to burn brain cells, Mark Smith raised $2.5 billion for Molycorp! $500mil. should be a stroll in the park for him! Only thing we gotta think about is how to get rid of our muchie friends wanting us to by them a new 2015 KR Mustang conv.! IMO
Chinese Proverb: When Someone Shares Something of Value With You, and you benefit from it, you have a moral obligation to share it with others.
My 2 best picks on the TSX are, hands down! (NioCorp v-NB,) ( TheraLase v-TLT) !!
A generous person will prosper; those who refresh others will themselves be refreshed! GLTA.....
" This is a Freak Geologic Anomaly!" stated by Shawn Westcott, CD for NioCorp. Mark Smith called Mountain Pass Mine, a Gem! he has called" Elk Creek project" a Gem as well, more than once! if you own shares in NioCorp, you got to be feeling like this is going to be a game changer! if you are still a non-believer, well maybe your not meant to make $$, we all know investing is risky,(risk/ reward ratio) but this is, "as good as it is going to get"! Happy hunting.....
Looks like they have the whole state of Neb. behind NioCorp now! University of Nebraska pitchin' in to speed things up! just get er' dun!!
Drilling Update out now!! June 3.....
Rare Earth Elements are not rare at all, but Niobium is very rare indeed ! Only 2countries in the world produce Niobium, Brazil and Canada, and now their will be a 3rd producer, Elk Creek neb. At the number 2 spot just behind CBMM-Brazil! This is Hugh! are you all ready for $30-40-$50 per share? no pipe dream, make a note of this prediction. Good hunting!
Sense of Precognition, Mildly Clairvoyant.. no I see no danger here with this stock, quite the opposite, all good! with some positive drilling news forthcoming we could see a much anticipated breakout $1.00+ soon! Fingers'x.......
My Spidey Senses are Tingling Again! I feel we will have some NR about drilling update, June 4th or 5th!
batting average has been around 700! rough and dirty. Keep your powder dry.....Cheers.