It’s certainly subject to inaccuracies and numerous assumptions, but the point remains the same. As stated in the BFS, this project is not economically viable without the Sc. There are two comparable companies. One has a very good return on its other minerals and is trading near NPV Of its prefeasibility study ($800MM market cap vs. $900MM NPV, both in AUD). The other is a pure play Sc company with a 33% IRR, a BFS that has been complete for over two years, a share price in the dumps and thus far an inability to secure financing.
Right now, Niocorp is trading like a company that is dependent on Sc in a market that does no have faith in the Sc predictions that have been made. This is THE REASON the share price is so low.
Walter’s two questions were right on. Major investors are currently answering his first with a no.
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