Niocorp Developments Ltd (NB)

[tedro84]

Everyone wants to talk about the DoD and Scandium, but we have already learned from Jim Sims that at the most the DoD would make a one time purchase for Sc. Regardless of what comes out in Mathis’ report, a one time sale of Sc is not going to get this mine funded.

Sc offtakes are in my opinion the key to funding, but in this case Niobium is the story that can generate a significant investment.

Scandium is NOT scarce. The ability to process it to Sc2O3 is. Luckily for the US, we have a long standing ally that appears to have a few companies that can readily supply Sc should the market determine its benefit.

Niobium is a different story with very few current suppliers and/or potential suppliers. The US certainly doesn’t want to rely on a Chinese owned mine in Brazil for their NB supply, and the Canadians current supply is dwindling with prospective mines much further off than Niocorp.

If the DoD’s strategic mineral reserve is your reason for investing in this company, Niobium is the element to watch, not scandium.