Niocorp Developments Ltd (NB)

[Contrarian58]

I'm pretty serene as to the downside risk of this stock, which I've been in now for 7+ years (at purchase prices ranging from less than a dime to one dollar.) Given the value of the resource (economic and strategic), level of engineering work completed, and state of permitting, it's hard to argue that it's not grossly undervalued at the current price. Somebody is going to exploit this resource, even if it's not the current team. Whoever it is, I expect that I will get an nice return for my patience.

I would of course like to see Mark and crew pull this off, and build a specialty metals and advanced alloys mega-company. The reality, during my lifetime at least, will likely be somewhere between the two extremes. When the stock surpasses $2.50, I start counting the profits in seven figures. I'm not losing sleep at the prospect that won't happen...eventually.