Niocorp Developments Ltd (NB)

[Spunkmeyer]

Great post Walter.

"While likely conservative, we believe our discount rate and NAV multiple are warranted given the large capital requirements to bring Elk Creek into production amid many other obstacles typical of mine development. We note that Nebraska remains a geopolitically safe jurisdiction, while NioCorp's senior management team has extensive mining experience in moving projects into production."

For me personally, such statements are very important to make the very difficult process a little more transparent.

I must admit that I had very little idea of this when buying Niocorp and never expected it to take many years.

I hope for the great breakthrough at the end of the year, then the time to commissioning hurts with a clear goal in mind not so much. The uncertainty has to get out.