Niocorp Developments Ltd (NB)

[Rader1977]

Any catalyst that would bring this stock to $13 (EXIM loan confirmation, 3rd-party financing, etc.) would be a signal that the Elk Creek Project will in fact become an operational mine.

If that's the case, shares may be worth much more than $13.

Without financing, the mine is still just an idea - and as a pre-revenue company it's impossible to assign a fair market share price until we hear material news.

Personally, I believe we will secure financing and the mine will get built. Institutional investors have been buying, so I'm not alone in this opinion.

That financing may be dependent on the updated Feasibility Study, which I am anxiously looking forward to.

Despite our current share price, the market values NioCorp as a $150 million company. No revenue, no mine, no financing in place...but with a low share float and still impressive market cap. That's something to keep in mind as we grouse about our unrealized losses.

With financing, with confirmation of mine construction and future revenue - we will quickly see our investment pay off. Until then, we just have to wait.