Niocorp Developments Ltd (NB)

[tedro84]

Anybody else bother to read the Cleanteq Feasibility Study released las night? (For those in North America anyways). They used a Scandium price of $1500/kg and only predict 10 tonnes of sales per year for the foreseeable future until the market takes off, but still believe the market will not develop at prices higher than that. They plan to stockpile it in the meantime. They added the capex for Sc production that wasn’t included previously. Capex is now 1.3 billion. Post tax NPV is 1.4 billion, which is a significant increase from the prefeasibility study due to adding the infrastructure for the Sc. Share price was down 12% on the news.

I’ll try to run numbers later to see how Niocorp would far under Cleanteq’s market assumptions for scandium.