Niocorp Developments Ltd (NB)

[NavyHusker]

I think everyone should calm down. We've all been asking for the high level FS numbers. We got them. Comparison to PEA 1 or 2 IMHO doesn't matter because those weren't really bankable.

Positives:
1. FS are released within the time frame promised by MS
2. We now have thorough numbers of plan that shows this is a profitable project
3. FS is set conservatively with lower production rates & product pricing as well as high tax rate. Any of those can change and more likely with a positive effect than a negative effect (Anyone really think corporate taxes are going higher in the next few years?)
4. Solid project that just needs money to build. But strong evidence to show that the investment would produce more $ than it will cost.
5. Early enough that if the US government decides to do any infrastructure investment, this looks great. (How did the shovel ready stimulus bill in 2009 work out? How attractive was that Solyndra investment compared to this?)

Negatives:
1. Disappointed that CAPEX went up significantly after PRs stating lowered CAPEX/OPEX.
2. IRR lower, but still very attractive
3. Timing looks bad, but in the long run, won't matter except for a few days of trading