Niocorp Developments Ltd (NB)

[Contrarian58]

Apparently it's time for one of my rare posts to restate the obvious:

1) If you make investment decisions based on what you read in anonymous blog posts you deserve to lose your money.

2) The stock value of mining project companies generally follows a particular pattern. If you are great (or lucky) at market timing and looking for a short-term gain, get in, get out, and don't look back. If that's not your investment style, be prepared to ride out the lows before you reach the promised land.

3) If you are terribly disappointed in a stock's performance, sell and move on. Don't just whine about it. Find a better investment. There are others who will buy your cheap shares.

4) Unlike many mining project companies, Niocorp has high-quality management with a track record of success. Look around and compare.

4) This project is not your average medium-grade base metal project. The Elk Creek Carbonatite is a geological unicorn, a massive deposit of rare elements sitting under Nebraska cornfields. Somebody will likely still be pulling rare metals out of the ground there when most of us are dead. I think owning a piece of that is likely to be a pretty good long-term investment. Call me crazy.

p.s. "The stock market is a device for transferring money from the impatient to the patient" - Warren Buffett.