Niocorp Developments Ltd (NB): The burn rate question We (at least som...

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Niocorp Developments Ltd (NB)

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Friday, 06/29/2018 10:31:51 AM

Friday, June 29, 2018 10:31:51 AM

The burn rate question
We (at least some of us) seem to be using a burn rate of $500,000-750,000 a month. Yesterday's PR said 1 million on or around July 9. People are asking "Do they borrow more in late August?" That sounds like a 750,000/month rate to me. Has anyone researched this? Is it really that high? We DO NOT know what the financial arrangement is with Nordmin. But, we do know that actual Niocorp has fewer than 10 employees. We also know that some of those employees actually work for several companies.

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