Niocorp Developments Ltd (NB)

[Contrarian58]

You are absolutely right. Nobody is going to leave that much money in the ground, especially when it's a critical material currently 100% imported by the U.S. People really need to get a grip. Niocorp is a penny stock, albeit one with great potential. Penny stock trading volumes are very small. In Niocorp's case, it averages about 0.05-0.06% of outstanding shares on any given day, or about $50k worth of stock at 45 cents U.S. At those volumes, small trades can move the stock significantly. Who cares what happens over the course of days, weeks, or even a few months? You either believe in the project or you don't. If you are in the first camp, as I am, but are concerned about the short-term swings, here's my simple suggestion: stock looking at the stock price. Resolve only to watch for news, most of which I expect will be good in the coming months.

It would be wonderful if Niocorp had $1B in the bank, so as to avoid any delays attributable to financing, but there are few if any junior miners in that position. I think the team has been doing a great job with the resources at hand, and I have every confidence that they will continue to move the project forward, despite the inevitable delays. Remember, once permits are in place, and the FS complete, the project is essentially a pot of money waiting to be dug up. If Niocorp can't raise the money to do so, they will sell the project to someone who can. I figure at a minimum, that will yield a return on my shares of 400% and possibly as high as 1000%, well into seven figures in either case. For that kind of money, I'm willing to be patient.