Niocorp Developments Ltd (NB)

[tedro84]

If this is all the case, why wasn’t the ground freezing technique used for the FS results?

The technology is not new. Nordmin has done it before. Nordmin was involved in preparing this part of the FS.

“An analysis of these and other
options determined that
the Waterline to the Missouri
option was the most
environmentally, socially, and
economically feasible option.”

See slide 38 of the most recent investor presentation. Was ground freezing included in this analysis? If not, why wasn’t it? If so, what changed that the waterline is no longer the best solution? Something is missing from this story.

If you are skeptical of the project, the final permitting into the MO River may not have been going well. I took particular notice to the comments on the net CAPEX change. One could be lead to suspect that this will result in higher CAPEX. An optimist may say that financial discussions are going so well that the CAPEX is now secondary to the production timeline, which the freezing will certainly hasten.