Replies to post #44324 on Niocorp Developments Ltd (NB)

[nycinvestor1989]

Perhaps Traxys wanted more or even 100% of the scandium, but at unacceptable prices per kg. The 10% was to get some sort of offtake in place to start things off, and Nio would have liked to sell more, but not at bargain rates.

I believe that the offtake agreement prices will remain confidential because they are agreements between entities and not based on market prices like the niobium offtakes, so we may never know.

I appreciate the follow up efforts, please keep us informed on any answers you receive, I had that exact takeaway as well.

[walterc]

Tedro

Mark knows that Traxys is also listening ; He would not make that statement if it was incorrect.
Traxys is a good partner for us.

[MaxzMillionz]

I didn’t hear it as double speak at all. If I were in Mark’s shoes I would not want to lock up a substantial part of my Scandium production with one customer. It doesn’t make sense to lock up too much of a finite resource with one customer in a market that is rapidly forming and has a huge upside from a pricing standpoint.

A savvy strategy is to guarantee 10% product supply to incentivize Traxys’ development of the Aerospace Market but keep control of 90% for other potentially higher paying customers. If the Traxys market is there and the price is right I’m sure Mark will be happy to sell them more.

In summary: Limit the guarantee supply to Traxys at 10% but hope to sell them more at the same or better price later. So no double speak from Mark just a logical and accurate statement.

[monocle]

I didn't hear any doublespeak, his statement sounded straightforward to me. Your notion that the agreed upon price is lower than FS numbers is one way to explain the relatively small 10% off-take, but there is no way to know.It is possible that there is no set price.