Niocorp Developments Ltd (NB): Citing from the Article: “The deposit ha...

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Niocorp Developments Ltd (NB)

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Re: GrowthMindset post# 63155

Sunday, 07/12/2020 10:49:15 AM

Sunday, July 12, 2020 10:49:15 AM

Citing from the Article: “The deposit has been modelled to extend to at least a kilometre from surface and has the potential to produce around 250,000 tonnes per year of high-purity, low-cost scandium oxide ore for a mine life of well over 20 years".

If these numbers are no mistake, their intended production is 2000 times higher than Niocorp, or do I have wrong numbers from Nio in my head?!

My best guess is, they meant Kilograms, then it would be double of Nio's anticipated production and the mine life is shorter. Unfortunately, the article does not mention the concentration of Sc in the ground, would be interesting to know.

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