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Thursday, February 08, 2018 3:29:38 PM
As I see it and this is JMO, we have signed an agreement for engineering work and a non-binding letter of intent for procurement and construction with the same company (albeit different division of same company). Nordmin will be working with Niocorp to achieve their stated objectives (Nordmin's Primary Objectives are to Shorten the Project's Time to Commercial Production, Reduce Environmental Impacts, and Reduce CAPEX and OPEX). It's more than a subcontractor arrangement. It's a coordinated and mutually beneficial cooperative arrangement that is potentially a win for Niocorp, a win for Nordmin, and a win for the shareholders. If they are able to help out with financing as well (and there is reason to believe directly or indirectly they very well might do so) then it's an even bigger triple win.
It is not my intention to be pedantic in any way, but I pretty much view the stated and "between the lines" information as I have now spelled it out. I am reposting the link that folks might want to read through in light of yesterday's PR and what we know about the Elk Creek project. https://www.northernontariobusiness.com/industry-news/design-build/nordmin-engineering-launches-contracting-company-833385
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