Niocorp Developments Ltd (NB): Putz- this is a thoughtful response from...

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Re: Demolition Man post# 49367

Thursday, 05/23/2019 4:13:20 PM

Thursday, May 23, 2019 4:13:20 PM

Putz- this is a thoughtful response from a busy man, kudos to Jim. He answered my 10q question last week regarding funds being spent last quarter in excess of funds available.

"Our accounts payable balance does not necessarily equate to the amount of cash we utilized during the period. Outstanding accounts payable reflects all unpaid invoices received through the end of the quarter, along with our estimate of work performed during the quarter for which we have not yet received an invoice."

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