Niocorp Developments Ltd (NB): The math's not wrong, the 1.9MM increase...

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Niocorp Developments Ltd (NB)

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Re: stark12 post# 28839

Thursday, 09/21/2017 7:14:37 PM

Thursday, September 21, 2017 7:14:37 PM

The math's not wrong, the 1.9MM increased cash on hand. That doesn't affect burn rate. I'd really argue the monthly burn is irrelevant right now. The key figure is the approximately $8MM needed to fund the rest of the fiscal year, less the value of the recent debt/equity swap. If financing doesn't happen by 6/30/2018, it's probably not happening under Niocorp.

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