Niocorp Developments Ltd (NB)

[tedro84]

I’m convinced one of three things are going on. We are either waiting for some sort of government support, financiers are not fully convinced by the third party engineering review and are waiting for Nordmin to finish detailed engineering, or financing simply isn’t going as well as we’ve been told.

I think it’s a combination of the first two. Management obviously can’t talk about a lot of things, but I would think they could discuss what engineering Nordmin has done and anything that Rockwell Automation, or Rockies Express Pipelines has done.

That being said, I’m not ruling out financing by the end of the year. The report from the senate committee on energy and natural resources should be telling, but ultimately I don’t expect an announcement until we start seeing appropriations bills passed to fund the US government for FY19.