Niocorp Developments Ltd (NB)

[Elkconquistador]

I would agree with market cap and valuation, but it is incorrect to say that a company share price directly correlates and follows it logically. The stock market is also driven largely by emotion (hence the swings and selloffs or buying frenzies). This emotion and FOMO (as DEMO man would say) do cause the price to swing dramatically up in certain instances where the fundamentals do not support it. Now it may be short lived if people believe that the value is not there long term, but to ignore market forces and to try and logically price a stock does not always work. Just look at Niocorp currrently, with the ore body and everything derisked it should be substantially more than it is right now.
I hope that after a reverse split you are correct and our $5 stock can go to $50 or $100, I am anxiously awaiting our outcome. Best case scenario is to have the stock close to $10 before the merger, and go from there.