Niocorp Developments Ltd (NB)

[freedom5]

General info for new investors:
This is what I've learned about how a mining project goes. (I'm far from an authority or expert).
1) discover a resource.
2) drilling and studying the material
To gain as much understanding of
Resource. Costs certain amounts of money, obviously.
3) a PEA ( preliminary economic
assessment) comes out. This has a
Basic level of information. $5-10 million to do in Niocorp's case (maybe more?)
4) then the FS ( Feasibility Study)
A much higher level of detail. Much
More expensive. This is the key study to prove a project worthy of doing and investing and lending into to by banks and financial institutions. I believe this cost Niocorp around $25-30 million.
5) then the Detailed Engineering work. This is the real nitty gritty. Costs around $60-70 million in Niocorp's case.

Now no one is spending $60-70 additional million unless this project is happening!!!
But the average farmer or investor in Nebraska, Kansas and Iowa does not know what I just posted!!! My point is anyone doubting whether this thing is happening doesn't understand mining projects. I know I sure didn't!!

Ps please feel free to correct any errors or mistakes in my post!!
I'm just a " janitor with an opinion!!"
Best wishes to all !!