My two cents worth…
I am simply amazed at all the speculation conversations on this forum about NioCorp. IMHO, what everyone needs is patience’s, “comprehension” and understanding the process.
We need to let the NioCorp team do its thing as this entire process takes time, as this “mining facility” won’t happen overnight or over a few years before they get into full production. Remember, it will be approximately four years from now, AFTER they receive financing, before they will show ONE DIME of income/profit.
That IMHO, is the “number one reason” the stock price is down, NO MONEY. People invest to make money, and currently there is “NO MONEY” coming in to NioCorp. Yes, they have short term operating funds, but that is the only cash around “until” they get long-term financing in place. When that financing happens the stock price should rise. But, how high will the stock price go, as it will still take FOUR YEARS to build the facility/mine.
People investing in NioCorp should all be looking at the stock as a “long-term” investment. Buy it and forget you even own it. Sit on this NioCorp stock forever – for long term investors only.
The coming “summary report” hasn’t even been sent to the banking syndicates for their review – just yet. Yes, I’m also a long term NioCorp investor who has been following/buying NioCorp for the past five years. And, I have NO intention of ever selling any NioCorp stock. NioCorp has been advancing 3X faster than any other junior mining company. They’ve spent over 30 million on this project so far. Does anyone really think they would walk away from that kind of investment in time and money? Not likely that will happen.
MS also has said in the past, that “all financial options” are on the table. No doubt in my mind that this mining facility will be built, one way or another, by someone, more than likely NioCorp/Elk Creek Resources. Which translates into or means this is a good investment for those who are interested in the long-term returns, be it the future dividends, capital gains or even a buyout. Hopefully, if there ever were a buyout considered, whomever the buyer would be, if that ever happens, won’t take it private – as that would suck and limit our potential gains.
IMHO, anyone who is selling NioCorp stock, at this point in time, is a fool unless they really need the money for something else more important. “Right now, at this price, it’s another fantastic buying opportunity.” Dollar cost averaging is the best way to invest in any stock.
Mark Smith has told us, on more than one occasion, every one of the people involved with NioCorp including their (11) employees are “hand-picked” individuals, mainly because of their personal expertise in this field. They are all very intelligent, highly motivated employees, and Mark is one of the best in this field, and all the people involved have been involved with this entire process before during their careers.
Jim Sims is an excellent example of the quality of NioCorp people involved in this process. Yes, you bet, I have faith in the NioCorp team. Anyone would play hell trying to find a better group of dedicated individuals.
Living in Southwest Omaha, only 55 miles from the Elk Creek mine site, I can physically be onsite in less than one hour. And, yes, I do occasionally check on their onsite activities. IMO, there will be a physical “ground breaking” activity sometime in 2018 when they start construction and I plan to be there.
I’d sure like to see everyone on this forum just “stick to the facts” about this project and drop the BS. Although, everyone is entitled to their opinion on any issue. Being “negative” on this forum, “for the world to see,” “DOES NOT” help the stock price.
The Elk Creek Resources carbonatite is very special (with the Scandium) and soon the world will know it.
