Niocorp Developments Ltd (NB)

[User-462888]

Thanks for finding and posting this, Landmark.

I stumbled over these excerpts:

(2) The production capacity of scandium has risen substantially. With scandium prices soaring in 2010, China has built production capacity of nearly 100t with planned capacity of several hundred tons, which can fully meet the potential market demand. Potential resources will be developed and potential capacity will also be released at any time if the demand increases. The scandium industry already has the ability to build production capacity of several thousands tonnes and actual output of several hundreds tonnes of scandium oxide.
...
(4) The production cost has dropped dramatically. Scandium oxide prices have dipped below RMB6,000/t (USD887/t), which has been longed for a long time by the aluminum industry. In the past few years, the decrease of the cost can mainly be attributed to the growth of the scandium industry.

If only half of this were true, this would almost certainly kill off the Elk Creek project. So let's hope it's merely Chinese propaganda and our potential financiers don't buy it.