Niocorp Developments Ltd (NB)

[tedro84]

Nobody disputes current pricing at 15tpa. The assertion was that SCY believes this is valid long term pricing. They do not believe this for the reasons listed in their feasibility study.

These are not my numbers. They are direct from another potential scandium producer, which seems to me to be a rather credible source.

The price assumption in the feasibility study is US$2,000 per kilogram (kg) of scandium oxide product, as an average price covering all product sold, over various product grades. Current market pricing, such as that can be established, is substantially above these levels based on small unit quantities and varying grades. This product pricing benchmark applied in the feasibility study remains the same as was applied in the 2014 Preliminary Economic Assessment ("PEA") on this Project, and for the same reasons. In order to encourage a viable, over-subscribed and vigorous scandium market, across numerous applications, product suppliers will need to provide for adequate supply of quality product, available from trusted jurisdictions, at prices lower than product trades for today.

http://www.scandiummining.com/s/nyngan.asp?ReportID=749853