Niocorp Developments Ltd (NB)

[tedro84]

The article discards Niocorp based solely on the premise that CBMM will not allow another market niobium participant.

Most reports, including SRK's analysis in the FS, indicate that CBMM welcomes other participants to reduce political risk to niobium and increase usage. Also, CBMM is in the process of an expansion that could increase their production by 50,000 tpa. Niocorps projected 8,000 tpa would have minimal effect on CBMM's global market share but should provide a tad more security to the market. CBMM should easily still supply over 80% of the market.

This doesn't even consider the political climate in the US that at this point appears to see domestic supply for these critical materials not just appealing, but necessary.

I have serious concerns about Niocorps scandium projections. Outside of the capex, I have very few concerns about the niobium source.