Niocorp Developments Ltd (NB)

[douginil]

Hmmmm RE: scooter83's post # 83614

While Mark may not be in the strongest position GxII may be a bit anxious to get their money invested.

As I understand it, If their 2 years pass (end of q1 2023) with no use of the funds raised they have to refund the money to their shareholders and the sponsors of the SPAC may not have anything to show for their efforts.

So Mark may be in a strong position, maybe not in the dominant drivers seat, but strong position never the less.


I believe that we are off to the races, this project will be built and will be very profitable. I don't worry about any RS, if I hold my shares until the first year of production (questionalble since I am in my mid-80's), I (or my kids and grand kids) will be very well off.

Since the Nb-Sc-Ti products will cover the cost of getting the ore to the surface and proceses it into saleable metal products, even if the Chinese drop the price of REEs to 10% of today's prices they cannot put us out of business like they did Molycorp. Maybe MP and others that are dependent on the REE prices to have their economics work, but not NioCorp.