Replies to post #27795 on Niocorp Developments Ltd (NB)

[Advocate77]

Thanks for finding and posting this, Landmark.

I stumbled over these excerpts:

(2) The production capacity of scandium has risen substantially. With scandium prices soaring in 2010, China has built production capacity of nearly 100t with planned capacity of several hundred tons, which can fully meet the potential market demand. Potential resources will be developed and potential capacity will also be released at any time if the demand increases. The scandium industry already has the ability to build production capacity of several thousands tonnes and actual output of several hundreds tonnes of scandium oxide.
...
(4) The production cost has dropped dramatically. Scandium oxide prices have dipped below RMB6,000/t (USD887/t), which has been longed for a long time by the aluminum industry. In the past few years, the decrease of the cost can mainly be attributed to the growth of the scandium industry.

If only half of this were true, this would almost certainly kill off the Elk Creek project. So let's hope it's merely Chinese propaganda and our potential financiers don't buy it.

[AlwaysOptimistic]

Amazing find Landmark They definitely know who NioCorp is and probably even read this message board. Hope they weren't involved in hacking the website.

Here is an excerpt:

"Great progress has been made in the extraction of scandium resources...... US-based Niocorp plans to extract associated scandium when producing ferroniobium."

"The production capacity of scandium has risen substantially. With scandium prices soaring in 2010, China has built production capacity of nearly 100t with planned capacity of several hundred tons, which can fully meet the potential market demand. Potential resources will be developed and potential capacity will also be released at any time if the demand increases. The scandium industry already has the ability to build production capacity of several thousands tonnes and actual output of several hundreds tonnes of scandium oxide."

Thank God we have a leg up with the DoD and 3/4 of the niobium wrapped in off takes. NioCorp is in a great position to insulate themselves against China dumping raw materials on the open market. They are making all the right moves. Management apparently learned from what happened at MolyCorp. The Australian companies are vulnerable IMO.

AO