Niocorp Developments Ltd (NB): That's concerned me when Lithium America...

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Re: The_Gman post# 112028

Thursday, 05/09/2024 12:34:17 PM

Thursday, May 09, 2024 12:34:17 PM

That's concerned me when Lithium America didn't move much on $2.3 billion.

Flashback to post 88752 from January, 2023 when Chico announced the DOE had loaned lithium producer Ioneer $700 million to build a plant in Nevada.

The stock surged on the announcement, and has basically fallen off a cliff since then.

My point: If and when NioCorp receives funding to build their mine, it's still no guarantee everything will work out long-term, as we see with Lithium America and Ioneer.

However, we are fortunate to not have all our eggs in a single element basket like those other guys, which is an important distinction.

Bullish

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