Replies to post #61518 on Niocorp Developments Ltd (NB)

[Prudent Capitalist]

Those figures are right out of the latest amended bankable feasibility study, and represent the current after tax net present value assuming the project goes forward. So, yes that is the computed present value after taxes. Assuming the mine is built the value of the shares should be much higher than that in time as the assets are monetized. And, remember, based on the BFS projections, from start of production the cash flow is projected to be sufficient to retire all of the up-front debt by or before the end of the 2nd year of production and monetization of the assets.

After-Tax Net Present Value: $9.47 per share US: Based on the new updated NPV figures, I now compute the After-Tax Net present Value at $9.47 per share US, based on 221,846,266 shares outstanding.
Quote:

• Pre-tax NPV (8% discount rate) of $2.57 billion is 12.0% higher, and the Project’s pre-tax Internal Rate of Return (“IRR”) of 27.3% is 12.4% higher. After-tax NPV of $2.1 billion represents an increase of 25.9%, and after-tax IRR of 25.8% is 18.9% higher.

[DouglasPlatte]

Kmack,
I've used this page as a starting point for coming up with a few versions of intrinsic value for Niocorp.

http://pages.stern.nyu.edu/~adamodar/New_Home_Page/spreadsh.htm

More art than science at this stage, since we aren't dealing with operating results.

It might help you to come up with your own fair value.

On the news - Very happy that the permit is final. Kudos to the team for navigating the bureaucracy.

-DP