Niocorp Developments Ltd (NB)

[DouglasPlatte]

PM,

So is the Moral of the story the closer we are to our mine producing(car running) the more our Company and stock is worth and should accelerates in SP rise?

Yeah that's my view. Material decrease in $ or time risk probably has some optionality effect on share price (to the upside).

And would the buy-out you refer to be more likely to happen at close to full NPV/price for the mine (car) after production starts if that's where it leads?

Once the mine is up and running we can all run the DCF models to estimate the valuation. At that stage, using traditional valuation models and then adjust for market dynamics (top or bottom of business cycle, etc) is going to be much more accurate than anything we have now. Currently, too many unknowns and assumptions - the results are just speculation.

-DP