Niocorp Developments Ltd (NB)

[OntInvestor]

Its very possible we could see it drift lower but lets take a step back and think about it.

There are currently 200 million shares outstanding. Worst case 800 million more shares are issued for the equity financing. NioCorp is at least worth a couple billion when production starts. That translates to at least a PPS of 2.00 CAD when its all said and done. Not what us longs are hoping for but still a great return in a worst case scenario.

I have to listen to the call again but Mark is very aware of the drifting PPS. He said he will do everything in his power to increase it before dilution because he is the most affected being the largest shareholder.

I'm stumped at the PPS. Sometimes the market is irrational. In this case very irrational.

Take a look at Twitter, its worth 15 billion and they are not even profitable. Ridiculous.

Many of the longs here know I have been critical of the company in the past and not very optimistic but there is great potential here.