Niocorp Developments Ltd (NB)

[Middleborder]

O.I./P.M.

Sounds good. I certainly defer to you since Niocorp is Canadian listed and I am not terribly familiar with Canadian Securities laws.

Then I can't tell you where the money is coming from unless they have been particularly stingy and/or Management is deferring their salaries and maxing out credit cards to cover overhead and expenses. Since M.S. and J.S. are drawing income from more than one company they can probably scrape by. Some vendors are probably providing services with something like a 90/180 day payment window (a possible explanations!)

The rest was hypothetical, but probably reflects the Financing situation.