Niocorp Developments Ltd (NB)

[Truth and Transparency]

I remember reading Niocorp could be operational by late 2016. I remember financing is imminent in 2019. I remember being told to vote for the GXII merger because it was going to benefit shareholders. I could go on and on with these.

The fact is, this ore body was already explored in the 1980’s. The project is on private land owned by Niocorp (shareholders). This was not a greenfield project where was nothing known. Management promoted themselves as veterans in the mining industry, yet they have made mistakes that even a rookie kid coming out of college would be ashamed of.

No one here expected this to happen overnight, but more than a decade into this and we are at lows not seen in a decade. Not to mention the depleted shareholder value from the 1 for 10 reverse split and the astounding dilution.

No, I didn’t expect this to happen overnight, but it’s fair to say that I did not expect to be where we are today. The one thing that is certain after being in this investment over the years. Mr. Smith never fails to disappoint.


https://nebraskapublicmedia.org/en/news/news-articles/elk-creek-niobium-mine-could-be-operational-by-late-2016/