Replies to post #100402 on Niocorp Developments Ltd (NB)

[scooter83]

Putz you just don't get it. Why do you think NioCorp has been unable to get financing year after year?

LCP777 has given the board the only answer that makes logical sense.

The Elk Creek Mine is primarily dependent on scandium.
62% of the projected revenue from the 2022 Feasibility Study depends on scandium.

Niocorp wants to produce 6 times more scandium than current world production. Niocorp says build it and they will come. Does it seem viable to think you can sell 6 times more than the current market? Financiers will fall flat on their face if wrong.

Scandium pricing is a big unknown. The market is undeveloped and pricing is private. There are many unknown variables to predict future pricing like industry adoption, competitors etc. Is that a viable pricing plan where financiers will be comfortable with guesswork?

[monocle]

The price you quote is for 4 nines, I was under the impression that Niocorp intends to produce 3 nines, what their off-take agreement is for. Mark Smith quote-

The third offtake agreement that we have is actually for scandium - scandium trioxide 99.9% purity. We've entered into a contract with Traxys - a global metal trading firm – for 12 tonnes of scandium per year over 10 years.

It would be interesting to see what the market currently is for each grade, 2, 3, and 4 9's and what the price difference is between the three grades. Here is a quote from scandium international's website.

Common Scandium Product Forms. Scandium is generally priced as an oxide, and generally specified at +99% purity, with 99.9% grades typical for electrical applications.

Niocorp intends to produce many multiples of the current supply of scandium, I wonder how much they will be able to sell at 4 nines?