Niocorp Developments Ltd (NB)

[tedro84]

And brothers aren't afraid to disagree. I don't see any purpose at all in following the daily or weekly swings. The volumes are so small that no metric is really going to help you find an entry/exit point any better than gut feel. Less than 50k shares traded today all under .50 USD. That's less than $25k. It's small retailers and means nothing. If you think this gets financed and becomes operational, then dollar cost average in this vicinity.

On the other hand, the contract with Nordmin for detailed engineering was significant and I would really like to see a letter to shareholders with more information. MS indicated at the meeting in October that detailed engineering would require $25M to proceed without interruption. Nordmin has agreed to do the mine and dewatering portion already. I am very curious in the details of that deal. I'm somewhat worried that they went with such a small firm, but there is reason to be cautiously optimistic that a firm would agree to this without public disclosure of a financing agreement.