Niocorp Developments Ltd (NB)

[Contrarian58]

The nature of the Net Present Value equation makes calculating value past years 30 or 40 pretty useless for financial analysis purposes, as the discount is so high it doesn't add much to the overall economics. At a 5% discount rate, a dollar is worth less than nine cents in year 50. It also doesn't necessarily make sense to pay more up front to put more product on the market sooner, because that may simply depress the price, causing one to work twice as hard for the same amount of money.

You can assume that no small amount of thought (and repeated Excel spreadshet iterations) went towards the present mine plan as the best balance of capital cost and ROI, given present economic conditions.

The one thing that you can logically assume however, is that with a large resource, the company will be around, and potentially generating dividends, for a long time, as long as production costs stay below new alternatives.