CENTENNIAL, COLORADO–(Marketwired – Oct. 16, 2015) – NioCorp
Developments Ltd. (“NioCorp” or the “Company”)
(TSX:NB)(OTCQX:NIOBF)(FRANKFURT:BR3) announces that as a result of a
review by the British Columbia Securities Commission, it has amended its
second Preliminary Economic Assessment (PEA2 Amended) for its Elk
Creek, Nebraska Niobium Project. PEA2 Amended retains the technical and
economic results previously disclosed by NioCorp in its August 4, 2015
and September 4, 2015 news releases and includes additional guidance and
cautionary language required by National Instrument 43-101 regarding
uncertainty in realizing the results of PEA2. PEA2 Amended provides
additional descriptions of the scandium demand and pricing assumptions
included in PEA2, including that a significant portion of the Project
revenue, and achieving that revenue projected in PEA2, is subject to
market growth in scandium, which is a developing market with a risk of
oversupply and/or undersupply disrupting pricing.
Love them Friday post-bell NRs
“…amendment to Second Preliminary Economic Assessment” could be the most Vancouver News Release headline of all time. What part of “promo pump” do you not understand? I mean, there’s speculation and there’s risk, but you have to be stark raving mad to put money into stories like this.
From Tommy Humphreys to you. With love.