Niocorp Developments Ltd (NB)

[grunt23]

In my opinion great news during the past week.

Just some points regarding the conversations during the week.

First 285 million issued equity. Required Capex 1.141B. 285 / 1,141 = 24.98 %. Over the years we have discussed that subject. It does not matter how you look at it, it is pretty good.
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Another point we need to look at is the Capex itself. The company is working on simplifying the process to extract the 3 original elements and the 3 REE oxides. We all think that the result will lower the necessary funds required to complete the project.

It is my opinion, results from our own research, conducted specifically for this purpose. The 1.141B Capex currently employed in this calculation is from the 2019 FS. If we were to obtain the those same items today, we would be looking at around 20 - 25% increase in their cost.

In summary if could end up with the same Capex, when the new numbers are obtianed, we would have achieved a significant improvement in streamlining the operation.
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About NPV (net present value) in our case 8% per annum. 2.819B. Expected mine life of 39 years. That is the common way to value projects in our economy. In my opinion, it hides alot of the real value. Once you go past year 20 at 8% discount you are adding very little to the bottom line. Glance at slide 18 (*I). Take a minute multiply the tonnes by the selling price you can see some pretty large revenues. And we still need to find out what is deeper underground. And the deposit has been verified to be 10 times larger.

The quoted prices per Kg for our 3 oxides on 9/30/2022: Tb $1,824.00, Dy $323.00, NdPr $94.00.

Once the company is able to discuss the profits from the REE's, they will be stating a profit north of 400 million, per year. North of 16B profit for the stated 39 year life of the mine.

In the past, I have stated that the profits from the 3 REE oxides would be in the neighborhood of 120 to 150 million per year.

We should have resuts from L3 pretty soon. I understand pretty soon to me is different than pretty soon in real life. So, we will patiently wait for what I expect will be some pretty amazing numbers.

Some of us expect some pretty hefty share price numbers to occur. Yes, they will push the market cap, to some pretty excessive numbers. Mines are valued on possibilities not in actualities. The future not the present.

So why did the company decide a few months back to include the cores from Cornhusker U.? They can't use the numbers from that work on the new FS. However, they can state that the entire area (600 or so acres) contain very similar elements to the 60 acres included in the FS. Folks that is huge!

A note regarding ticker symbols, the Nasdaq allows up to 5 characters. So in reality the company could decide to keep the current one. It seems than most companies choose 4 character symbols.

Yes, the entire Niocorp team is on the ball. No they are not perfect. No human is. But, they are all working to make this a great enterprise.


It should be a great time for all.

Happy Investing!





Bibliography:
https://www.niocorp.com/wp-content/uploads/NioCorp_Investor_Presentation_9-26-2022.pdf

https://www.niocorp.com/niocorp-announces-drill-core-assays/

https://www.bing.com/ck/a?!&&p=e5fc37ca38e3ca8dJmltdHM9MTY2NDY2ODgwMCZpZ3VpZD0wOTAyOTZhMS1jMmQyLTYxZGQtMGIxMC04NDkwYzMwYjYwOWImaW5zaWQ9NTIyNQ&ptn=3&hsh=3&fclid=090296a1-c2d2-61dd-0b10-8490c30b609b&psq=are+4+letter+ticker+symbols+required+by+nasdaq&u=a1aHR0cHM6Ly93d3cuaW52ZXN0b3BlZGlhLmNvbS90ZXJtcy9zL3N0b2Nrc3ltYm9sLmFzcA&ntb=1

Key Financial Ratios to Analyze the Mining Industry (investopedia.com)

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