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Re: WalterSobchak post# 10952

Tuesday, 05/19/2015 9:13:01 PM

Tuesday, May 19, 2015 9:13:01 PM

Post# of 111996
OK… Mr Smith is CEO of two companies. If you paid attention to what happened last week, Largo raised a very large amount of money (in fact raised the raise from $50 m to over 70 m), that shores up its balance sheet. If Vanadium returns to over 5 dollars, Largo should CF 100 million per year. On the other side, Niocorp has a big project with a big a positive NPV. This is just speculation… but I'm just saying. I think they really don't need to color the PEA very favorably, if they brought the two companies together, they would not really need to have mush of an equity raise to build the mine at Elk Creek.
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