Niocorp Developments Ltd (NB): What I keep looking at is that IBC is on...

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Re: monocle post# 28884

Sunday, 09/24/2017 11:12:17 AM

Sunday, September 24, 2017 11:12:17 AM

What I keep looking at is that IBC is only a ~10 million dollar company. They have reported having about 3-4 million in working capital. Punch in the numbers of what just 1 ton of our 100 yearly tons would cost them. I just don't see IBC being able to purchase more than a tiny amount at a time, and certainly not an offtake of the volume what would jump start financing...

I can see some value in the joint venture - but for now I'd much rather have big players step up for the first offtakes...

Just my opinion

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