Niocorp Developments Ltd (NB)

[tedro84]

I was being sarcastic with my comparison. This has come up before. You hit the nail on the head. Materion has 20 million shares outstanding to Niocorps some 230 million fully diluted. I agree with all points of your post, but also take it one step further. Estimates are at least 40% of the caped is funded via equity. So let’s add 40% to the total share count and assume ~330 million shares outstanding when it’s said and done. That gives us a PPS of $5.15 using the NPV. Still basically a 10 bagger at today’s price, but my target shall remain $3.00.