Niocorp Developments Ltd (NB)

[tedro84]

You don’t know why Sc would be different?

The niobium offtakes are pegged to a market. There is no market pricing for Sc. At a minimum there are almost certainly limits in the deal, if not a flat price.

We are also talking a measly 10%. There are plenty of good arguments to diversify your customer base, but they all fall flat in this case. If the offtake is so good, and Traxys wanted more, why not 25%? Why not 50% like the Nb agreement with ThyssenKrup? As Mark stated many times today, these are binding, enforceable contracts. It is essentially a take or pay contract. Since aerospace is anticipated to be the top immediate industry for Sc, and since Traxys, by contract, is Niocorp’s only avenue to sell into that industry, it makes no sense for Niocorp to turn down a larger agreement unless the terms were not favorable. Which part of the terms do you think were unfavorable?