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NioCorp's Elk Creek PEA disappoints

NioCorp Developments shareholders were less than impressed with the company’s preliminary economic assessment (PEA) for its Elk Creek niobium project in Nebraska in the US.

With what many analysts would call a sub-standard after-tax net present value (NPV, 9% discount rate) of US$420 million on a project requiring a US$919 million in upfront capital costs, the company’s