Niocorp Developments Ltd (NB)

[jeunke22]

Walter, you may be right and entitled to set the record straight, but we are here to discuss our investment in Niocorp. There are two important aspects. A well thought through business plan and a management team capable of executing the plan. Our management is very capable and in fact all their experiences with Molycorp (especially the very challenging ones), provided them with invaluable insights ( think processing and vertical integration). The business plan is very compelling and puts the company in an unique competitive position. Once financed, this will provide extraordinary shareholder value.
Consensus Ebitda is around $ 600 million per year with a 30 million float or 20 dollars ebitda per share for 38 years mine life.There will be dilution, but with double the number of shares, it will still be $ 10 per share for 38 years. Next to dividend ( in general high for mining) and a relatively low Price Earnings Ratio of 12-15 ( for mining w/o processing or further vertical integration ) we are looking at a share price in full operation of $ 120-150.
Today share price reflects unwarranted pessimism by retail investors, reflects the low sector attractiveness of mining and
is still little known amongst institutions. That is changing. There is never been a better opportunity, Niocorp is a bargain.