Niocorp Developments Ltd (NB)

[tedro84]

If you are interested in this I would suggest reading section 4 of the FS to see the drilling and estimates by Molycorp, as well as the indicated and inferred resources in the FS.

The grade declines with the confidence level. It is quite likely that the areas outside the two targeted parcels are not economically viable to mine. The OPEX costs are based only on the probable reserves.

I would say the upside is roughly 20% based on the molycorp estimates for Niobium. Drill results suggest the scandium upside is similar.

The biggest unknown is the depth. This could certainly prove fruitful, but the prospect of going deeper is so far in the future that it’s affect on the share price in the next 5-10 years would be minimal.