Niocorp Developments Ltd (NB)

[jeunke22]

That was my first reaction as well: where are the synergies, is this a new business initiative? But if you look at the phasing than the ultimate processing needs to take place at Niocorp’s processing facility. IBC is not mentioned, but is not excluded. What it tells me is that Niocorp wants to make sure that 90% of its scandium ‘ore’ is processed under its control. Starting now with development of ingots, development of different product compositions and to be able to scale under Niocorp’s control ( at Elk Creek). It looks that the processing facility could even be earlier needed than the mine. Question becomes than where do they get the scandium? If they thought this through, which I hope they did, these risks have been taken into account and management is confident they get all running in time and financed.