Niocorp Developments Ltd (NB)

[bigal9999]

Wow. Great input, Boilermaker. I didn't realize that OPPD had done that much work already. It should help to cut down on the time. I also didn't realize the primary voltage was 171KV. While I have worked on larger transformers, the largest I have purchased were 23KV primary, so I don't have experience with lead time on those transformers, but I would guess that my original estimate is in the ballpark. For general info, transformers of that size are usually shipped with the cooling fins and bushings removed to make it small enough to go down the highway, and then assembled and filled with oil on the site. Not a big deal in the grand scheme of things.

I also don't want anyone to think I am talking the project down so to speak. I am very optimistic (as can be seen by the number of shares I have purchased), but I also don't want investors to think that if we get financing in Jan. 2018 that the dewatering will be complete in Jan. 2019, and then get frustrated, sell their shares, and drive the share price down when the dewatering isn't complete by then. I want us to have a realistic expectation so that we understand the importance of patience as the project progresses.

Big Al