Positive
Seeking Alpha
21 days ago
NioCorp Developments: Pre-Production, But Worth A Place In A Long-Term Portfolio
NioCorp Developments is a pre-revenue, US-based miner focused on niobium, scandium, and titanium, rated a Strong Buy after a significant pullback. NB's Elk Creek project is fully permitted, with a 38-year mine life, projected $21.9B gross revenue, and 68% EBITDA margin; production start is 3–4 years away. Current EV of $521M implies a forward EV/EBITDA of 1.29, presenting substantial upside versus sector median multiples, even without rare earth expansion.