Niocorp Developments Ltd (NB)

[stark12]

I agree that this is probably a material event and therefore must be disclosed. It is also probably the case that they cannot by law disclose any costs or cost savings that would significantly impact the NPV or the CAPEX. Those would also be material events but I think would require some revisions to the FS before they could be released.

While my initial reaction was a little disappointment that we did not get any new numbers, thinking through this more, I am glad we did not. That means there is a good chance that the numbers will change (realistically, I think there is a good chance they will materially change for the better). We just have to wait for the process to play out.

Bottom line is the project is moving forward and that's a good thing.