Niocorp Developments Ltd (NB)

[tedro84]

The last quarterly reported indicated operating expenses for the first three months of the year averaged to $450k/month and that it was anticipated the company would need $6MM to fund the next 12 months of activities so $500k seems like a more accurate "burn rate".

This was one of my previous posts. The quarterly report I was referring to was Jan-March. The year end report (the FY ends June 30th for them) should be out soon. I was checking for it earlier when I noticed the site was down. It will give us a better understanding of current cash on hand and needs for the rest of the year. I'm also hoping for some details on the contracts with Nordmin, Rockwell, and Rockies Express to see how they are being compensated, but I don't expect to see that.