I'm staying vested in NIOBF. My feeling is I'm not convinced that Mark Smith and Co. can't do it. He's started companies before. He's well connected and he's been in the mining business a very long time.
Everyone knows resources are in the ground In Elk Creek. It's been known about since the 60's or 70's and even when Mark was with Chevron Mining and Unocal mining.
The question is not whether there is money to be made but whether they can get financing to finish the feasibility study. WalterC seems to have knowledge because of conversations with Mark and European investors that financing is available for the FS. Walterc in my opinion is the most well connected poster on here.
This situation reminds me of my old boss. He grew our company to locally as a VP to areas and territory the company has never been in. Then the Pres. replaced him with a VP who they could hire for much less.
The old boss joined a big company 14 months ago and has been operating out of a 2 man small office with a low # of employees that jumped over to his new company.
Word on the street is that He is about to open a substantial office right in the middle of a district of high performing competitors. Because the old boss is so popular and well liked, he will empty a lot of desks at these other companies and grow the new company fast. Just like mark Smith, he brought the old guard he's known and worked with for up to 35 years to the new company.
When I heard the location, I thought to myself, wow, he's really smart. He will grow the business fast just by virtue of the location alone and his personality everyone counted him out for the last 14 months in that tiny 2 man office.
Just like Mark, he is known globally and has many many contacts in a business which one company alone can sell in the billions each year. give him 2-3 years and he will take market share like he did for the company that thought he cost too much.
I could be wrong, but, don't count Mark Smith out. There are similar traits in both these men and losing is not in their vocabulary even if they hit head winds. We may just be in a head wind on the verge of something big.
High achievers and winners don't always show their hands before they act.
AI
Market Data 
Markets 
