Niocorp Developments Ltd (NB)

[Contrarian58]

As we say here in California, everybody just needs to chillax a wee bit. The delays in the arrival of the FS are causing some people on this board to go a little nuts. Here's my two cents worth:

1) If you are a long-term investor, the addition of a few weeks or months are not going to make much of a difference. Given what happened with PEA1, wouldn't you rather that the FS is absolutely right, rather than just soon?

2) If you are hoping for a quick return on this stock, you are delusional. The volume is simply not there to make this a liquid investment and 10k worth of stock can significantly move the SP. If you are not willing to stick around for at least three years, your money will be better off elsewhere. Don't expect the SP to double or triple overnight once the FS is released. If all goes well, there should be a small "bump" followed by a long steady climb, including a few more bumps (up and down) as new milestones are met. The stock won't really reach its true value until the first earnings report validates the business model, and that's a long time from now.

3) Watching mining projects move from discovery to production is worse than watching paint dry. Most of us on this board were likely children (or not yet born) when the Elk Creek Carbonatite was discovered. Since Mark came on board, this project has moved very fast compared to other mining projects. That's a testament to the merits of the project and the people involved. Truly, this project is in the top 1 or 2% of projects in North America.

4) Mark Smith, no amateur at this business, has considerable skin in the game. One has to assume that he knows more than any person on this board---and he seems pretty damn confident. He likely knows a lot more than he's telling.

5) I first bought into Quantum because I found the prospect of a REE deposit in Nebraska to be interesting and was looking for somewhere to put my 300+% return on Molycorp stock. I got even more interested when Mark was hired and the project pivoted towards niobium, titanium, and in particular scandium (I also hold Scandium International stock). I've bought shares at prices starting at less than $.10 and ranging up to $1.00 (U.S.) I have done so because I fully expect that by the time I'm ready to retire, there is greater than an even chance that Niocorp will be ten times its current price--and about a 20% chance of being >$10 within 2-3 years of initial commercial production. Every $2.50 increase in price will net me an additional $1 million in profit. I figure that's worth a little more patience.