Niocorp Developments Ltd (NB)

[Elkconquistador]

Good points Landmark.
I looked back at my notes from the town hall meeting on the 16th for a refresher. Mark did give insight on this point. If you look again at Big-Picture's post 16627 he has the summary, look at point #14. Mark was not so much worried about dilution, as compared to the "value" of the stock. He did say that there would be some dilution, but as the major shareholder, he doesn't want his value to decrease either.

Some of the notes I jotted down:
1) Overall (prior to reduction in CAPEX) they are looking at 600-650 million debt financing.
2) This leaves 300-400 million equity financing
3) The German Loan Guarantee is somewhere between 140-200 million
4) He mentioned Morgan Stanley, Credit Suisse and Northcot Capital in his presentation as possible players.
5)The ore grade increases at greater depths and it is "open", the total size of the reserve is unknown. It was assumed that they would drill more after production (and revenue) had begun.

Hopefully we are nearing the next stages.

Have a blessed Easter everyone!