P.M., A.O. B.M., All
Perhaps this article will bring a little positive exposure for NioCorp.
https://seekingalpha.com/article/4356506-what-recent-u-s-ore-act-mean-for-investors-in-rare-earths-and-battery-metals
Snip...
" Companies with scandium deposits in the USA
There are currently no US scandium deposit producers. Many of the rare earths projects in the above section will produce some scandium as a by-product.
NioCorp Developments [TSX:NB] [FSE:BR3](OTCQX:NIOBF) - Price = CAD 0.70
NioCorp is developing North America's only niobium/scandium/titanium project located near Elk Creek, Nebraska. All three of NioCorp’s planned products have been determined to be 'critical minerals' by the U.S. Government. The Company state: "The Elk Creek Project is the highest grade niobium project in North America, as well as the largest prospective producer of scandium in the world."
Based on the updated 2019 Feasibility Study, the post-tax NPV8% was US$2.1b and post-tax IRR was 25.8%. CapEx was US$1.14b with a 2.86-year after-tax payback period, and a 36 year LOM. Average annual EBITDA of US$370m. In the FS scandium was the main contributor to revenues at ~60% (US$12.532b out of US$20.807b), with a LOM production of 3,410 Sc2O3 [MT] at US$3,676/kg Sc2O3.
75% of the Company’s niobium and 12.6% of scandium production is already under sales contracts for the first 10 years of production.
NioCorp's market cap is C$164m. Analyst's consensus target price is C$1.20, representing 69% upside. Investors can view the company presentation here.
2019 Elk Creek FS highlights" (links to NioCorp site highlights page.)
to reiterate previously posted info regarding the Ore Act:
"For buyers: "There shall be allowed as a deduction for the taxable year an amount equal to 200% of the cost paid or incurred by the taxpayer for the purchase or acquisition of critical minerals and metals which have been extracted from deposits in the United States."
I understand that "Taxpayer" here means the corporation.
