Niocorp Developments Ltd (NB)

[TooSoon]

No interest for 5 years!! That would save roughly 60 - 100 million per year in interest. And maybe less delusion of shares. If I'm reading this correctly, we can't sell the mine to the Chi-Coms or the Russians either.


SEC. 6. PROHIBITION ON SALE OF DOMESTIC RARE EARTH
14 MINES.
15 (a) PROHIBITION.—The Committee on Foreign Investment in the United States shall not approve any foreign government-controlled transaction relating to a domestic rare earth facility if a party to such transaction is controlled by or acting on behalf of
20 (1) the People’s Republic of China; or
21 (2) the Russian Federation.
22 (b) CERTIFICATION.—Before approving a foreign
23 government-controlled transaction relating to a domestic
24 rare earth facility, the Committee shall submit to Congress
25 a written certification that the transaction—