Niocorp Developments Ltd (NB)

[chico237]

Hey PM... I am just as frustrated as you on some of the issues we have been through since 2020 (8yrs for me). I appreciate your chart work & look forward to what you & many here post.
I was upset about the Scandium pricing too PM (post#74184 enough to fire off a few questions...)
Jim's response to Scandium & future Scandium Producers 1/2021:
"You are all probably aware of Rio Tinto’s entry into the Scandium market via the elementnorth21 venture. Could you offer an opinion in regard to this market competition in the Scandium market, and if a lower price point offering is a concern for Niocorp moving forward?"

Reply:
Rio Tinto's effort to more widely commercialized scandium products should be very much welcomed by all prospective scandium producers. In order for large prospective consumers of scandium, such as companies in the aerospace, vehicle transportation, and energy/battery industries, to move aggressively toward incorporating scandium at scale into their manufacturing operations, they will want to see multiple scandium suppliers serving the market. Ensuring diversity of supply for specialty materials like scandium is key for these companies, as it helps them manage supply chain risk.

We believe that multiple producers of scandium will create a rising tide of demand that will benefit all. After all, several independent analyses forecast latent demand for scandium in the several hundred tonnes / year range, if not higher.

Pricing for various scandium products is likely to vary significantly as these markets mature. Some scandium oxide and scandium master alloy products will be sold as commodity products. But other scandium products sold by producers are likely to be custom chemical formulations or alloys or fabricated scandium alloy products that are custom engineered for a specific application. Pricing for these types of value-added products is set between the materials producer and the customer and is often based on the value delivered to the customer of the custom product, rather than an advertised 'commodity' price for scandium.
Hope this is helpful.
Jim

(Niocorp has continued to stand behind their Scandium pricing. Could the market require or think otherwise? possibly.... I will ask Jim more questions following release of Demo-plant results & again following the official 2022 F.S. posting!)

See Posts #74344, #74422, #74432,
#74579 Heck, I even Booed management one day!
During the first Renmark presentation I asked the question about the "need for an updated market compliant REE- NI-43-101". Mark & Jim offered responses like- "may or may not be needed; may be other methods to get there...." In the end it needed to be done. (At the time they may have responded as best they could? but as an investor knowing they need to prove the REE resource... I didn't really like their answer then, but the dynamics of the project are in flux just like the stock market.
I do try & find the positive aspects in the project & the fact that the team is advancing the project forward & compare it to the other 4-5 Top U.S. Critical mineral projects. "Niocorp even after 10 years is ahead of the pack on many fronts imho; & I do believe the team will build this mine!"
(Hopefully before Marks grandson graduates high school...lol)
PM I get frustrated at times as well! The June 2022 F.S. still shows 2025 for first production. I will be looking for any changes in the final 2022 F.S. later this year...

Respectfully
Chico