Niocorp Developments Ltd (NB)

[tedro84]

WS, I'm pretty sure you know full well why the price is where it is. Ockham's Razor is the best explanation. This Carbonite body has been well known for years and never developed. The benefits of Ti and Nb have also been well known for years, as well as there extraction costs. The body was never deemed feasible until the recent speculation for Sc demand. The Sc forecasts by NB could be correct, but institutional investors are not investing based on the speculation of anyone that claims they can predict the price point of a commodity in its infancy. The project is clearly dependent on the Sc so without guaranteed sales with a price floor this project will not be approved by the debt market. Niocorp is at this point dependent on a take or pay contract for the Sc.

I'm not saying this can't happen, but don't expect a billion dollar investment without it.

Of course, Lind and the other private placements also have an effect, but this is ultimately the price that is paid without an institutional backer. Don't blame Lind or the PP investors, those that played this correctly have free warrants ands are better positioned than any of the longs.