Niocorp Developments Ltd (NB): Didn't he say he wanted the first tranch...

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Niocorp Developments Ltd (NB)

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Re: Advocate77 post# 32763

Tuesday, 01/16/2018 10:42:57 AM

Tuesday, January 16, 2018 10:42:57 AM

Didn't he say he wanted the first tranche of financing in place by the end of Q1? I don't remember him saying anything about all of it. I believe he said something along the lines of wanting $25MM in place as that would allow the detailed engineering to start without fear of interruption.

I'm not sure we should expect a public release on the 3rd party engineering report, although a letter to shareholders in the next couple of weeks would be nice. It is not an unreasonable expectation for MS and team to formally address us once per quarter.

There are no other approvals to be obtained for the loan guarantee until an application with a lender is made. This obviously requires a lender first.

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