Niocorp Developments Ltd (NB)

[tedro84]

This still isn’t a surprise to anyone that’s really done their DD though. It was clear since the FS was released that the project was completely dependent on the Sc market developing. I ran a quick analysis that pulled Sc out completely (costs and revenues) and showed a negative NPV.

The facts haven’t changed. If the banks believe in the Sc projections the project goes through, if they don’t or are unwilling to take a risk on a new market this goes nowhere. The only material change is that the FS now includes many of the things that you, I, and others have previously warned about.