Niocorp Developments Ltd (NB)

[Contrarian58]

Well, that was a quick recovery...

As an investor since Quantum days, and in initially at a dime, it was pretty depressing to see $25k evaporate in a few hours yesterday. It seems, however, that the support of the faithful remains. I have had about two dozen junior mining investments over the last ten years, and this remains the one for which I have the highest hopes, along with Ivanhoe Mines. The case is pretty compelling. It's got so many advantages relative to most junior miners (location, regulatory environment, resource, staff, etc.), it amazes me somewhat that it doesn't have a line of people ready to throw money at it, especially when the Fed is giving money away nearly for free. I'm willing to hang on a while longer, but that ten-year anniversary is approaching...