Niocorp Developments Ltd (NB)

[Contrarian58]

A suggestion for Investor Relations:

The various conspiracy theories promulgated and overall garment-rending associated with disappointments regarding stock price and the seemingly interminable wait for the FS have made this board of late more pain than pleasure to read. In my experience. the ups and downs of the stock price and what is perceived (possibly with thin evidence) as a repeatedly delayed feasibility study are both pretty typical for the mining industry. Junior mining companies generally have low trading volumes, which means that small buys and sells disproportionately move the price. Feasibility studies are produced by outside consultants and are mainly subject to their workload and schedule, rather than that of the clients. If you can't handle price volatility or waiting around for five or more years until a project moves from PEA to construction, you should probably be looking for other kinds of investments.

There are those of us who have been invested in Niocorp (or Quantum Rare Earths) for five years or more years because we believe it has a very high probability of being among the small fraction of mining projects that actually become working mines. That eventually will likely result in a 10-20x return on the current stock price, and a 60-120x return for those of us who got in at less than a dime. For that kind of return, I am willing to wait quite a long time for this project and others. If just one out of ten of those investments generates that kind of return, I'm still way ahead of where I would be had I invested in an S&P index fund.

One thing that one of those investments, Ivanhoe Mines, does far better than Niocorp is keeping stockholders abreast of progress on a regularly scheduled basis. Ivanhoe updates their investor presentation every month, even if there is only minor progress (they have three mines undergoing additional resource definition and initial construction or rehabilitation.) I think it's a huge benefit to get regularly scheduled updates, even if there is only a single altered slide of minor milestones to report. I spent many years as an R&D engineer providing a weekly update to my direct superior, a task that generally took less than an hour. I don't think it's unduly burdensome for Niocorp to do the same on a monthly basis. Jim, are you listening?