Niocorp Developments Ltd (NB): Wexworth. Scandium is a by product from...

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Re: Wexworth post# 28630

Saturday, 09/16/2017 10:12:29 AM

Saturday, September 16, 2017 10:12:29 AM

Wexworth. Scandium is a by product from niobium mining. Somebody should do a calculation based on 32 years life and additional scandium capex. If I do a back on the enveloppe calculation and I assume for argument sake 250 million ( I guess it will be less, but again this needs check-ing) than 250 million/ 32 years/103.000 kg per year= 76 dollars per kg depreciation. Maybe depreciation cycle is shorter and capex lower. Seems to me there is enough security margin for banks.

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