We do not know what the terms of the scandium off-take are. All we know is who gets what market share between NioCorp and Traxys. That in and of itself could be the reason nobody else wants to commit to an off-take of scandium. Mark and Traxys have a contract under NDA, and investors don’t know Chit.
For all we know it is “@ Market” so what is market price? What will it be when we are producing 100 tons per year?
We’ve gone this long without knowing the fundamentals, all I care about is where we are on the chart and I’m hoping this is the bottom and we’re going to wait here until we drag the 50 day moving average down to the 200 day moving average which is picking up speed as we speak.
Another new low of C$.95 today spells out , I’m Chit out of luck on that.
After looking at the chart last night I didn’t have the heart to say anything before the open today. But $.95 is clearly part of the pattern from the test our share price did way before the cup and handle. I hope that’s it, the bottom.
I agree with landmark this week can’t end soon enough.
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