Niocorp Developments Ltd (NB)

[scooter83]

It is silly to compare niocorp with a real company. NioCorp has no cash, with only toxic convertible debt to keep the lights on. Add to that their deceit - never once mentioning to shareholders the truth that gxii founders would receive over 20% of the company for nothing. Mark was silent on that point for only one reason.

Mp materials is down because rare earth prices have been down significantly this year. Last quarter show's a 55% drop in revenue and a 90% drop in income.

"Realized pricing in the quarter fell 55% year-over-year, driven by the decline in the price of NdPr, which represents the lion’s share of the value of the REOs and concentrate. The decline was slightly better than we thought it would be when we last spoke in May as NdPr pricing had a modest uptick for part of the quarter. Since then, pricing has again fallen into the low to mid-$60 per kilogram. And as such, right now, we are likely to see a low-teens percentage decline in sequential realized prices in Q3."