Niocorp Developments Ltd (NB)

[leaselot]

us,
and clearly the management at Quantum clearly feels the same (name change anyone?). With a
resource of this size in a strategic metal AND located in the United States, we start to ponder who might
want to make a move on this company and one candidate looks obvious if it can get over the fact that
this was the “one that got away” before (though more like the fish they let go on “catch and release”).
We have added a Long position to the Model Mining Portfolio with aportfolio during the past month were:
 Added a Long position in Quantum Rare Earths. Purchased one million shares in QRE.v at
CAD 14 cts on the 27th of April
 Added a Long position in Strathmore Minerals. Purchased 250,000 shares in STM.to at
CAD 40 cts on the 27th of April.
 Added a Long position in Everton Resources. Purchased 1,000,000 shares in EVR.v at
CAD 7.5cts on the 17th of April
 Closed our Long position in Lion One Metals. Sold 100,000 shares in LIO.v at CAD 85 cts
on the 17th of April
 Closed our Long position in NWM Mining. Sold 1,000,000 shares in NWM.v at CAD 0.65
cts on 12-month target price of $0.60.