Niocorp Developments Ltd (NB)

[UnlimitedPower]

I thought the PEA was done to allow Mark and the team the ability to talk actual numbers about Elk Creek deposits. Without it they would have to wait until the BFS which wouldn't be ready until the end of the year. If this is correct then Mark may have wanted to set up meetings with institutional investors that were interested now versus later. By doing the PEA he could have meetings and secure whatever financing the mine would need so construction could start in 2016. If he waited until the BFS then the construction may have been delayed until 2017 instead of next year. Also, we may not hear anything major because Mark is working on what's really important which is having conversations with deep pockets and running the business. We will not know the answer until important announcements are made. Those are all my opinions... not sure if they are correct but the no news is not bothering me in the least.... for now.