Replies to post #78023 on Niocorp Developments Ltd (NB)

[NEgoodlife]

Thanks Grunt! I'll go read the Q. I didn't notice it was out. Over $1M per month projected cash burn seems higher than I recall typical months being over the last year (outside of the land purchase). Things must be zipping along. I'm thinking we'll get the $25M cornerstone investment or a traunch of the bigger financing rather than going to the shelf or another PP as cash gets depleted.

[chico237]

Appreciated Grunt! China has upped its REE production by 20%.
China Raises First Batch of 2022 Rare Earth Quota by 20%
https://money.usnews.com/investing/news/articles/2022-01-28/china-raises-first-batch-of-2022-rare-earth-quota-by-20

It appears they are using more of its own REE products for their own market; & the prices as you state are just getting better.

Rare earth prices set to keep on the boil after sharp rally
https://auto.economictimes.indiatimes.com/news/auto-components/rare-earth-prices-set-to-keep-on-the-boil-after-sharp-rally/89406498

The Chinese price of praseodymium-neodymium alloy used to make super strong magnets used in EV motors doubled last year and has already shot up more than 10% so far!

Bodes well for Niocorp & the future REE economics once the market compliant REE resource estimate is completed. Team Niocorp is working on all aspects & per Jims Jan. 3rd response- "Well ahead of the curve" Waiting with many here...

Appreciate the numbers & supporting "math".... sir!

Chico

[Boilermaker1]

Thank you Grunt
Those prices you listed are amazing. For only about a two month period those are significant increases. If you were to “annualize” those numbers they would be incredible. I think you are absolutely right. REEs could be a major contribution to the revenue stream. It is not hard to calculate the revenues from REEs but we don’t actually know the profits because we don’t know the refining costs. I imagine Scott and some others are busily calculating those. I am certainly looking forward to an FS revision that should include all this info.

[walterc]

Thank you Grunt. Very helpful.

I am using your calculations and sending them to some 300 shareholders with your permission? It probably ends up in more than 1000 mailboxes.
So if you are wrong we will find you. (lol)