Niocorp Developments Ltd (NB)

[tedro84]

Interpret it how you want. Sounds like a great point to be clarified during the investor update. MS stated in 2017 they would need 20-30 million for detailed engineering. Sounds like that involves a little more than drafting. For an engineer I question your knowledge of EPC work and the FEED/FEL process. The project sure seems to be in the FEL2 stage (as would be expected) with the underground portion progressing into FEL3. I’d love to know how Nordmin is being compensated, but clearly the company hasn’t spent anywhere near the $20-30M it will take to finalize engineering. Don’t you think there’d be an announcement when this work commences?

It’s funny how so many on this board have forgotten all about financing in tranches and jumped to a conclusion they are going to wake up to news of $1.5b in funding any day now (Toronto Pete is correct about operating expenses).

Point is, the assumption of construction starting in January is absurd. There’s a lot of work left to be done. With the uranium concerns I’d be surprised if they even have the air permit by then.