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.
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"...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.