Niocorp Developments Ltd (NB)

[tedro84]

I wonder how relevant the initial $20-$30 million is today. The intent of that money was to allow detailed engineering to proceed without interruption. We know now the that the detailed engineering for the underground portion is completed, but we do not know how Nordmin was compensated.

There may have been some sort of deferred compensation, or the promise for a future debt to shares payment like Northcott was given. If they do the same thing for detailed engineering on the facilities side, then the $20-$30 initial financing is no longer necessary and can just be rolled into a larger financing package.