I disagree with most of the comments which state something along the lines of "all we need is ..." or "the one thing missing is ..." I don't care about supply chains, or kilns, or if the demo plant results are done by X date because all of those things are details and not the bigger picture.
I'm starting to get the feeling that NioCorp has only two courses of action. Well, three but that's a poor one.
1. Mark is painting us into a corner with the REEs. By that I mean that everything is now riding on that revised FS. The future of the company and our investment relies on the results of the Demo Plan & REEs bringing more promises of revenue beyond what the old/revised/previous BFS with Nb, Sc, & Ti.
We need the results of the demo plant trials to be good enough or Mark needs to at least be able to sell that story. Mark hasn't demonstrated that he can do yet.
I mean, can they really go to this REE conference and say "well, we were hoping, but turns out, we don't have that much"? I think not. Thus everything is currently riding on the demo plant. Even if the demo plant results aren't completed by the October conference what difference does that conference make? We're already 5 years past when they said construction would begin so what is a few more months?
2. If REEs aren't enough to sell the project to get financing, then we need to go find a way to make a viable market for scandium which shows promise, but isn't there yet at scale. Niobium has a market but also has producers who don't need $1B before they can deliver product. Same with titanium.
Mark's been in charge long enough with so many off take agreements but can't close a financing deal. I don't see a future path outside of these two options. Maybe sell the mineral rights but that wouldn't amount to much IMO given the CAPEX needed to realize those rights.
I don't mean to be overly negative, but at this point, I don't see another way to get this investment to deliver any returns. I've been following for a decade and invested for over 8 years now and we have zero revenue yet pay handsome part time salaries.
