Niocorp Developments Ltd (NB)

[Jovko]

The reality is that the cost to produce Nb is too high.
It is about $30/kg (just check p.131 from NI 43-101).
Then the company invented Sc and Ti which saved the day.
Then they subtracted the Ti/Sc profits from the cost of
producing Nb which made the numbers look much better.
Without Sc and Ti this project will never fly. JMHO.

You can check the numbers on p.131
http://www.niocorp.com/images/ElkCreek_NI43-101_TRR_241900.030_007_20150310.pdf

Also, they used grade 0.82%. Where this number came from?
In the reports I see average grade of 0.71%.