Berkshire Hathaway Inc (BRK.B)

[Prudent Capitalist]

I have a very substantial position in NB/NIOBF and believe it has the potential to be the greatest investment of my lifetime, given the sheer amount of proven REE at the site, and the current huge disconnect between the share price and the After Tax Net Present Value (NPV) ($9.47 per share US) of the project and proven assets, current offtake agreements, etc., as detailed in the latest Bankable Feasibility Study (BFS). The only thing holding things up right now is the final funding piece of around $986 Million. All of the construction and environmental permits, the Nebraska tax credits piece, and the land and site contracts are already in place.

Given the close proximity of the project and site to Omaha where BRK is headquartered and WB lives, there was some early thought that he might take a stake and fund the mine, but it is well below his threshold investment level. Although the likely gains over time are huge. There are NDA's in place with Credit Suisse and Morgan Stanley right now. I am confident the financing piece will fall into place, and the list of worldwide reputable firms that are already under contract there is very impressive. NIOBF shares closed Friday at .59, which is dirt cheap compared to where the shares will be valued once construction starts and they begin to monetize the proven REE assets. After all, it is the only confirmed sources left in North America that has not already been tapped out. And the US is committed to not relying on China in this area.