Niocorp Developments Ltd (NB)

[tedro84]

You are exactly right and as such I want to clarify some of my previous comments. MS set a goal two years ago to raise 20-30 million with the intent to let detailed engineering proceed without interruption. He stated as much in the 2017 investor call that has since been scrubbed.

The company’s only real option is that 20-30 million equity raise to further the engineering and allow the Sc market to develop. Any hopes of a tranche that starts construction is fantasy. Best case for the company is to secure the land options for another 5-10 years, pay off the liabilities that put the company at risk, and then take a wait and see approach similar to Scandium International. The Sc market has to prove itself before any major investors will take this seriously. Until then, now is a great time to take advantage of the retail driven share price run up.