Niocorp Developments Ltd (NB)

[Contrarian58]

I just want to say thank you to all the nervous Nellies out there who've allowed me to pick up 28,000 shares this week at an average price of less than 35 cents U.S. I've been buying this stock at prices ranging from nine-and-a-half cents to a dollar and have as yet seen nothing that has shaken my confidence there will eventually be a producing mine in Elk Creek.

I have researched and traded a variety of exploration, project development, and mining companies over the past seven years and have found very few with the merits of this one:

-Massive, rare, and high-value ore body
-Existing nearby infrastructure
-Top-notch management
-Great location in a country that's not frozen most of the year, that has stable mining and corporate regulations, and isn't run by a whack-job (well, two out of three ain't bad..)

None of those things have changed in the long and painful slide of the stock price. If you don't believe in the project's long-term prospects, by all means sell. I'm still looking to buy another 50k cheap shares and I thank you in advance. If you do believe in the ultimate success of the project, which could take many forms (sale, JV, or go-it-alone), my recommendation is to relax--and stop reading stock blogs.