Niocorp Developments Ltd (NB)

[tedro84]

And every time you bring it up one of us will point the rest of the board to the article that you selectively clipped this from.

https://investingnews.com/daily/resource-investing/critical-metals-investing/scandium-investing/scandium-price-need-to-know/

SCY puts current pricing at the annual 5-20 tons at these high prices. No one disputes current prices with that supply, although there is some evidence it has weakened. At least one analyst claims 99.99% is already down to $2000/kg - precoronavirus.

The key part you exclude:

Scandium International’s 2016 feasibility study for its Nyngan scandium project in New South Wales, Australia assumes a scandium oxide price of US$2,000 per kilogram.
Clean TeQ’s 2016 feasibility study for its Syerston scandium deposit, also in New South Wales, uses a long-term 99.9 percent purity scandium oxide price assumption of US$1,500 per kilogram.
Platina Resources (ASX:PGM) uses a US$500-per-kilogram scandium oxide price in a prefeasibility study for its Owendale project, released in 2017.

I’ll even give you that Platina has since updated their assumptions to $1550 in a DFS since the time this article appeared. Although that’s at 99.99%.

One of the keys to what you posted is this:

While 99.9 percent scandium oxide is needed for electrical applications, that isn’t necessary for alloy applications.

Electrical applications are SOFC’s. By NioCorp’s own admission this market is the least developed and furthest off for scandium, plus it seems Bloom already has a steady Asian source. The alloys are where the demand growth potentially lies, and they don’t need the “three nines”. Never mind the fact that aerospace takes years of testing for approval and Boeing would have provided the best opportunity and they went all in on the 737-Max. Your next best bet with Boeing is when they finally retire the 737 or update the Dreamliner - neither which is happening any time soon as you not only have the typical lifecycle of the current design being in its early stages, but also an industry that may take years to get back to its peak.

Your most immediate growth potential truly is in the sporting goods and automotive, and there’s no way either of those industries can support $3500/kg. It’s been tried in golf clubs and fishing poles for twenty years. It doesn’t work.