Niocorp Developments Ltd (NB): I may have figured out the payable meta...

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Re: tedro84 post# 25743

Friday, 06/30/2017 2:00:12 PM

Friday, June 30, 2017 2:00:12 PM

I may have figured out the payable metals portion. 7055 tonnes * 32 years * 65% contained Nb = 146,744 tonnes. These numbers are provided in the production summary at the beginning. This is close to the payable metal number of 143,824 but is still more than one would expect for rounding error and further begs the question where does the 65% contained Nb come from as opposed to the 82.4% average recovery shown further down in the report?

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