Niocorp Developments Ltd (NB)

[stark12]

NioCorp Developments Ltd. (“NioCorp” or the “Company”) (TSX: NB, OTCQX: NIOBF, FSE: BR3) and the Nordmin Group of Companies (“Nordmin”) are pleased to jointly announce the signing of an agreement for Nordmin to complete the detailed engineering for the mining infrastructure at Niocorp’s Elk Creek Superalloys Project (the “Project”). Completing the detailed engineering for the Project’s underground mine infrastructure will mark a major new phase for the Nebraska-based project

This doesn't sound like a contract contingent upon financing. I suspect sufficient money is there to start the detailed engineering work and there is probably a payment schedule based on deliverables or completion of some targets to release more funds.

Can you explain what you are thinking?