Replies to post #103431 on Niocorp Developments Ltd (NB)

[scooter83]

Well stated. Mark should come clean about company shortcomings and explain his strategy for success. This will gain trust better than pointing to the next shiny object

[User-462888]

Agree 100% Stark.
If it’s true that financing depends on the success of the recently published efforts to market scandium alloys to OEM and car manufacturers, they will HAVE to include both the cost and the revenues (based on offtake agreements) from this new endeavor into the FS.

If that’s the case, we will most likely not see an updated FS anytime soon, certainly not in 2023 (as anticipated by Jim Sims a few months ago!).

If they publish an updated FS in 2023 and the recently published efforts to market scandium alloys are not included in that FS despite them being a prerequisite for financing, this updated FS will most likely yet again fall short of convincing investors and EXIM to provide the necessary cash to finally get the project running.

So in any case, if it’s true that financing depends on the success of the recently published efforts to market scandium alloys to OEM and car manufacturers, we should not expect financing news for many months to come, most likely not even in 2024.

In that case, management needs to come clean and tell us what’s going on before the end of this year.

[LCP77]

The thing you longs miss is the fact that Elk Creek is just a plain lousy deposit. It’s deep. It’s low grade. It has huge water issues. It has just been a song and dance by world class snake oil salesmen who have had a decade and counting of outsized salaries and bonuses on your dime. Fake inputs. Hate Mark but love the project troops are just so wrong. It is a project that is just a plain piece of junk.