Niocorp Developments Ltd (NB): There are 7055 tonnes annually of the mi...

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Re: zincson post# 27450

Saturday, 08/12/2017 11:18:12 AM

Saturday, August 12, 2017 11:18:12 AM

There are 7055 tonnes annually of the mineral FeNb. The payable material is Nb2O3. 65% of the FeNb is actual Nb that can be hydrolyzed to Nb2O3 (niobium pentoxide).

7055 * .65 * 39.6 = ~$183.4MM

Production costs are the actual costs associated with mining the material and hydrolysis of FeNb to Nb2O3. These are operating expenses.

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