Niocorp Developments Ltd (NB)

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Could be an epic run here. Should be a steady stream of developments leading up to a bankable feasibility study by year's end.

I see shades of the big srsr run from a few years ago.

A few keys

1. I think the market will respond to a primary niobium project to capitalize on the growth trajectory of this critical element. There are only 3 producers and only a handful of development projects, especially where niobium is the principal element being targeted.

2. Institutional investors will want in. $500000 traded on Friday. I doubt that's just ihubbers and other retail buying.

3. The metallurgical work being done now is primarily a confirmation of known historical facts. It's not a slam dunk achieving the stated recovery goals but is likely doable with modern technology.

4. The drilling will be infilling, so there shouldn't be any "dry holes" or other negative surprises. What it will do is move the classification of the ore into the measured and indicated categories.

5. Then, with a completed BFS by year end, the company will be able to classify those resources into the proven and probable reserves category.

6. With 2P reserves, they will have assets that can be listed on the balance sheet. That's estimated to be $26 billion.

7. This opens the door to additional financing options.

8. With the $5.5 million in hand, they should have the funding needed to complete all of this. A few million to confirm tens of billions.

Does that answer your question ;?