Niocorp Developments Ltd (NB): I had to laugh that the author says they...

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Niocorp Developments Ltd (NB)

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Re: Blairman post# 3345

Wednesday, 07/09/2014 7:44:19 PM

Wednesday, July 09, 2014 7:44:19 PM

I had to laugh that the author says they are excited about the recovery rates of the drilling.

Recovery rates have to do with the research hazen and sgs are working on, which has to do with metallurgy. Not the drilling, which has to do with resource definition.

Anyway, they drilled 3 holes so far, deeper than they planned and remain open to depth. The recoveries of 75% is also good news for niocorp. Seems they are doing well at making the case they have better project economics than niobec. $2 billion for niobec expansion vs. $400 million for niocorp? I'm not sure the source, but I think that's the number that's been mentioned here for capex?

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