Niocorp Developments Ltd (NB)

[tedro84]

Just a quick reminder of where this project stands:

1. Filed an insignificant application with the county and unnecessarily spent a few grand on a press release to promote the application.

2. Honan is on record with the air quality permit. He attests that construction will begin 1/1/20. He has indicated to the state that this is truthful to the best of his knowledge. 13 days to go for ground breaking. I hope the state takes this seriously.

3. Financing - the company has zero institutional investment. The few industry experts following the company give zero chance that the company achieves financing. Most industry experts disregarded Niocorp years ago. Outside of insiders, nearly all shares are held by retail investors. Over half of the US shares are held by Nebraskan retail investors.

4. The company is potentially in violation of TSX continuous listing requirements for working capital. No reputable company claims that $43k in cash with over $4MM in accounts payable is a positive sign.