Replies to post #10117 on Niocorp Developments Ltd (NB)

[Landmark8211111]

That's a good point Gary! maybe that's how it should have been broken down in the pre-PEA we got, accentuate the mine cost...all the extras and 25% contingencies will be fine-tuned at the end of the day anyways....

I hope the official PEA report shows this. JMO

Mark has been conspicuously quiet lately, must be burning the mid-night oil working some deals? count on it!!

Let see the momentum continue today, hopefully back to $1.25+ for the weekend, with news on Monday.

Cheers.

[Landmark8211111]

Just to add a bit more Gary, Niobec had a production cost of roughly 50% of (us$42 per/kg) or $20 profit per/kg....

Niobium today sells for (us$45 per/kg) and Elk Creek will have a direct production cost of (us$6.50 per/kg) leaving a very healthy co. Profit of us$38.50 per/kg! Or very close to twice the profit margin of Niobec's Mine....
Notwithstanding (36-38+ yrs.mine life.) and our Scandium & Titanium world-class resource which will most certainly add to the bottom line.

Niobec recently sold their (7 years remaining mine life) mine to an asian consortium for $1/2 billion USD, or $625,000,000 CDN.
Now I know what your thinking! but they already have a mine facility! Yes except for the fact that it will cost just as much to move the very old facility as it will to build a shiny brand new modern one ($1.6bil.) to where the new resource deposit lies.

Can y'all start to see just what this mine's real valuation could and should look like, just based on the above info alone?

I'm staying long, and if I need some play money here and there...I'll just sell a couple hundred shares as required..
That is all! I need to get back to doing..nothing!.lol, Cheers.