NioCorp Developments: I Still Can't Make Their Sums Add Up

Tim Worstall
5K Followers
(10min)

Summary

  • NioCorp's revenue hinges on scandium, but their projections of selling at 3-4x current prices and 5x current demand are unrealistic.
  • The current global scandium market is around 15-20 tonnes annually, making NioCorp's forecast of 117 tonnes by 2026 highly improbable.
  • Historical data shows NioCorp's stock price has significantly dropped after previous critiques, indicating ongoing skepticism about their scandium market assumptions.
  • I recommend avoiding investment on NB based on speculative assumptions.

Scandium periodic table element, mining, science, nature, innovation, chemical elements used in physics and other sciences

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This article was written by

5K Followers
Tim Worstall is a wholesaler of rare earth metals and one of the global experts in the metal scandium. He is also a Fellow at the Adam Smith Inst in London and an writer for a number of media outlets, including The Times (London), Telegraph, The Register and even, very occasionally indeed, for the WSJ. This account is linked with that of Mohamad Machine-Chian: https://seekingalpha.com/user/52914142/comments

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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