Your are absolutely correct. I was a former Niocorp investor. They are actually a niobium play, scandium is just a byproduct. Their grades and deposit are much smaller. Also their PEA, published recently, was rather disappointing. They plan to produce 13 tons p/a at a price of 3500 usd/kg per annum, which I don't think is realistic. Share price went down by > 30%. We're better off with SCY IMO.