Niocorp Developments Ltd (NB)

[tedro84]

At what price?

Even if we go out on a limb and assume they get $3800/kg for that and I’ll even assume it’s guaranteed for LOM, they still have 55% of revenue dependent on a market that doesn’t exist. Furthermore, it’s a market that scandium followers understand that the more dubious have been claiming will take off for at least 15 years now.

Now go calculate what removing 55% of revenue does to the NPV and ask yourself what kind of billionaire financier is going to loan money on Niocorp’s unsubstantiated assumptions.