Junior Niobium Miner On Verge Of Breakout On High Grade Assays


On April 4th, 2014 I highlighted to my premium subscribers an obscure junior niobium miner which many ignored and was trading at approximately $.26.

On April 4th, 2014 I highlighted to my premium subscribers an obscure junior niobium miner which many ignored and was trading at approximately $.26. Niocorp (NB.V or NIOBF) owns a high grade niobium asset in Nebraska and has been hitting the highest grade results to date. See my previous reports on Niocorp from April and June.

Click here for reference

The stock is on the verge of its next major breakout at $.80 as it hits the highest grade results to date.  Niocorp announced this past week niobium assays in excess of 3% this past week.  See news release by clicking here…

This confirms that management is delivering impressive results on this Phase 1 program and is further proving their hypothesis correct that Elk Creek Niobium asset is world class.

Phase 2 drilling has already commenced and six holes are planned to be drilled.  I expect these high grade results along with the metallurgical progress could attract a financial partner who wants to be involved with this world class high grade niobium asset which is one of a kind in the United States.

Last month Niocorp retained Mackie Capital to negotiate potential strategic partnerships. I look forward to hear that the pilot plant work has begun and that a potential funding partner has entered into an agreement with Niocorp.

One must remember this is the only niobium deposit under development in the U.S.  and the highest grade undeveloped niobium deposit in North America.  I expect as investors see the high grade results that Niocorp should breakout above $.80 is imminent.  A $1.15 technical target could be reached.

Niocorp CEO Mark Smith believes he can bring Niocorp’s Elk Creek Mine into production and has put his own $2 million into the company as an investment.  He has built mines before.  Niocorp is now focussed on producing a feasibility study which I think could be very economic with the recent high grade results.

See my recent interview with Niocorp CEO Mark Smith by clicking here.

Disclosure: I own Niocorp and the company is a website sponsor.

Jeb Handwerger

Jeb Handwerger

Contributing Editor

Email: jeb[at]miningfeeds.com

Gold Stock Trades Editor Jeb Handwerger is a highly sought-after stock analyst and best selling writer syndicated internationally and known throughout the financial industry for his accurate, in depth and timely analysis of the general markets, particularly as they relate to the precious metals, nuclear and rare earth sector. Jeb utilizes both fundamental and technical analysis, especially the study of price volume action to understand the long term macroeconomic trends in the natural resource market. A true renaissance man Jeb has a strong background in stock market history, investment psychology, geopolitics, mining engineering and economics.

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