Niocorp Developments Ltd (NB): Honestly mono, I’m not sure. That is a v...

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Re: monocle post# 53210

Thursday, 09/26/2019 8:47:29 PM

Thursday, September 26, 2019 8:47:29 PM

Honestly mono, I’m not sure. That is a valid question. Olsonn and SRK may be in a similar situation. We saw Northcott accept shares for payment a while back.

What I do know is the company has $2.6MM in debt due by 6/30/2020 per the 10k. I’m willing to bet a chunk of that is to Nordmin.

Cash on hand right now is likely in the $100k range. All of the land options must be renegotiated over the next year and the two most important ones expire in the spring. These options must be repurchased and renegotiated for the company to retain any value.

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