Interesting post off another board:
My Thoughts On The $750M Shelf & Director Departure
Why is Largo preparing such a large shelf and why did a director depart?
The first thought that came to my mind was Niocorp. While I do not yet own any NIOBF, I've always wondered if Mark Smith had a grand master plan to create the next Molycorp. A vanadium, niobium, scandium, titanium, molybdenum, iron ore, tungsten powerhouse.
I've been watching Niocorp for years, ever since it was Quantum Rare Earth.
I actually live right off highway 50, near Omaha, 1.5 hours north of the Elk Creek project. The Niobium/Titanium/Scandium deposit is in a corn field, behind an old farm house on Highway 50. Mark confirmed the deposit continues underneath the highway and to the other side of it. This deposit in Nebraska is one of the largest of it's kind in the world. If I can figure out photo bucket, I'll post some recent pictures I took of the Niocorp property.
Anyway, I specifically asked Mr. Smith if Largo would acquire/merge with Niocorp and consider using it's highly profitable billion dollar asset to facilitate funding for this worthy project in Nebraska.
He said Largo's largest shareholders probably wouldn't be interested in something like that.
That being said, I find it very interesting that Largo's largest shareholders are selling. One of them, a director, has departed. Could this be a sign Mark is moving towards a Niocorp deal? Less resistance from those opposed?
What the heck else would they need nearly a billion dollars for? Ironically, this is near the amount Niocorp is seeking to raise once revised figures account for the removal of a water line to the Missouri River.
Then There's the West Family connection. Mr. West started West Corp in his garage, in Omaha, from nothing. He's now the newest billionaire investing in Largo. I believe he lives in California, but still has a home in Omaha (regency). Can the West Families Omaha roots be linked to an interest in the Nebraska project?
When I spoke to Mark, I told him I would love to be part of Niocorp but it's just too early for me at this time. My concern is the dilution of raising the money to build the mine, the years it would take to ramp-up and work-out all the bugs while not making money. It reminds me of Largo in the beginning...
For me, it would be a dream come true if Largo and Niocorp were one. It would be a game-changer. Largo would be better diversified and Niocorp wouldn't be losing money for years. I would be happy to invest more in a well diversified company that's making money.
Good Luck To All!$!$
