Ultra Money Free: Director buys after NioBay Metals releases billion-dollar PEA
    
    
      
    
  

  
    
        NioBay Metals is up
        225% since we started
        covering it just over 2
years ago.
        We have been waiting on
        a preliminary economic
assessment
        for its James Bay niobium
project,
        and the stock hit a
two-year high of 93 cents
        after its results were
released on Wednesday.
        Results included an
open-pit
        30-year mine life base
case scenario
        with an estimated
after-tax
        net present value,
        or ATNPV, of $1 billion
        at an 8% discount rate.
        A smaller open-pit
operation plus
        underground mine scenario
yielded an ATNPV of
        $856 million while
        an underground mine-only
scenario
        yielded $733 million.
        While the open-pit-only
scenario would
        deliver the most economic
benefits,
        it has the highest
environmental footprint
        compared to the
alternatives.
        The base case scenario
assumes
        an average niobium price
        which is above current
prices.
        The base case thinking
        assumes niobium prices
will recover based
        on niobium's use in steel
alloys
        and potential use in
rechargeable batteries.
        It remains a long
        and risky road ahead for
NioBay,
        but
        at least one insider was
buying Wednesday,
        betting on a potentially
big prize.
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at
        CanadianInsider.com.
        This report is not
        a recommendation to buy or
sell securities.