Niocorp Developments Ltd (NB)

[OmahaInvestor]

I attended the lunch meeting. The excitement of Mark and crew was palpable. Great video of the demo plant. They mentioned 2026 for production. This mine is going to happen!

I took time after for a 1x1 with Mark and he was wonderful. Said the real $$$ will be made for investors 3-5 years into production when they are able to get the high concentrations of ore out. I also did not realize that tax credits for EVs only apply if the components (I.e, niobium and other REEs) are sourced from the US….right now niobium used here is 100% supplied by non-US companies.

He was very forthright when asked about a reverse split. There will be one. I asked him 1x1 if he thought the price could store to $200+/share at some point and he said it definitely could, especially when we get to the higher ore grades.

So many great things happening! If you are grousing about the SPAC and R/S, might be best for you to cash out and put yourself (and the other members of the board) out of your misery.

Also, got to meet a fellow iHub board member and visit….thanks, RT for taking the time after the meeting!