Niocorp Developments Ltd (NB)

[Contrarian58]

It would not surprise me to see the stock price drop another 20% over the next few months barring any major announcements. When I first bought this stock at around 11 cents back in the Quantum days, I figured it would be one to hold onto for at least 5 years. My opinion has not changed. I ultimately tripled my holdings after Mark joined the team, not because of the 200% gain I made on Molycorp during his tenure (I should thank the Chinese for that) but because he had the skills and perseverance to restore a radioactive Superfund site into a functional rare earth mine--in California no less. That is no small accomplishment.

Some people on this board seem to forget that Mark and the rest of the team's job is not to provide a monotonically-increasing stock price to short-term investors, it's to build a mine that will provide long-term value and income. As far as I can tell, he's doing an excellent job at that, checking off one box after another. I'm willing to forgive his not spending more time in front of a camera pitching to penny stock investors. There are plenty of things going on at the moment that are likely more important, and I have every confidence that there will be plenty of pitching to people with far deeper pockets than ours when the time is right.

p.s. If you are impatient, please sell. I would really like to buy more cheap.