Niocorp Developments Ltd (NB)

[tedro84]

Jeunke, I repeat myself when I continue to see misinformation spread that is easily refuted in the FS or other press releases. Scandium production being a nearly free byproduct is one example of that misinformation.

This misinformation on scandium costs has nothing to do with the costing principles by banks. I quoted a line directly from the BFS in which SRK writes that without Sc sales the project will not meet investment criteria to get this financed. That means the financing is contingent on the global Sc demand being somewhere near that which is predicted in the BFS. The debt markets are very risk averse so there is very real concern in getting financing for what it essentially a brand new market.

I've said nothing about today's press release, so I'm not sure how you believe your third point to be relevant to anything I've posted. It is certainly not a bad thing that we are able to swap debt for shares with Northcott rather than Lind or someone similar.

Your last two points are very much red herring arguments.