Niocorp Developments Ltd (NB)

[tedro84]

Ignoring the fact that you rounded up cash flow and payback time while rounding down projected total share count, why would anybody pay $10 for a $1 dividend (let alone $20) on a diminishing asset? That’s less than a 10% return as share price of a mine decreases at the same time.

Also, changing the LoM to 50 years would have minimal impact today or in the near future. The NPV of those 18 years of profit is very low today. In year 32 if the mine is believed to be tapped out and all the sudden there is 18 years worth of more material then that is a different story.