Niocorp Developments Ltd (NB)

[Middleborder]

NCT:

One of the things limiting Largo profitability is the Glencore Offtake agreement. Mark hired a Marketing specialist for Largo which eliminate cost of an intermediary when the product is sold. If you go their site you will see an Glencore Coutdown clock which provides the number of days until the offtake agreement expires. Largo should be more profitable after expiration. (Depending on whether the new managment sticks with Marks plan!)

You will also note that while Niocorp does have an offtake agreement it is not for 100% of refined product which will allow Niocorp to sell some portion of the product themselves at a higher price.

(Heading off to do things!)