Niocorp Developments Ltd (NB)

[tedro84]

That’s a great bit of revisionist history. I think you are referring to the time that I mentioned that the company may be having issues obtaining the required permits for the river disposal which was proven right but only disclosed to investors well after the fact via Jim Sims senate testimony.

No one ever doubted the technical feasibility of ground freezing, but it’s important to note that world renowned SRK viewed it as an inferior option to the pipeline. Even the most recent FS indicates it is more capex intensive.

Second, which company bought scandium? I believe you are referring to the offtake with no disclosed pricing. Hell, I’ll buy all their scandium for a few bucks per kg and they can claim a 100% offtake. The agreement is meaningless to the debt, venture capitalists, and larger institutional investors without a credible index to mark to or other pricing agreement. MS got ahead of himself a year ago when he admitted that Traxys wanted more. Why would Traxys want to sign up for more at NB FS prices when many others will sell for much less? Traxys must have got a sweetheart deal just to sign off on the PR.

I’ll take your third point with one caveat. Financing will never happen under Niocorp. Elk Creek remains an intriguing resource, but it’s simply not economical to mine and refine under current technology.