Niocorp Developments Ltd (NB)

[scooter83]

Thank you Walter for believing the point that I and others have been making for quite a while. That is there isn't enough scandium demand for all the supply that Niocorp intends to produce.

Mark has stated that OEM manufacturers won't do offtakes without a stable scandium supply and financiers won't do financing without offtakes. Catch-22.

Overlayed the fact that scandium is 62% of intended revenue and you have a problem. Now after 2017, 2019, and 2022 we look to Rees and 2024. But prices are off 50% in the last 12 months, and inflation is sky high since 2019 estimates. Coupled with NB at a 5 year low - selling stock at these prices to raise the equity side for the mine will be disastrous.

Now that you are a believer, I want to know if you are a true believer or just a half-ass believer?