Niocorp Developments Ltd (NB)

[Contrarian58]

I finally filled my long-standing sub-$0.40 buy order, and rounded up my holdings to a nice number where the math is easy to do in my head. To me, nothing has changed since I first bought Quantum Rare Earth Development stock in 2011 for around a dime. This is a trove of valuable metals too good to pass up. A mining complex will get built, eventually, by somebody. I have my complaints about some of the decisions made, and the occasionally excessive optimism, but overall I would say the team has done a great job of moving the project forward slowly but steadily with limited resources. There's a possibility that a recession could throw a monkey wrench in the timeline, and kick the project down the road a year or more, but I'm in no hurry, despite the pain of watching my account balance decline in six-figure numbers. I plan to live long enough to see steady dividends from the project, or the creation of a new vertically-integrated specialty metals company with multiple high-value assets.