Niocorp Developments Ltd (NB): It was 1.3 million that was available pr...

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Re: monocle post# 57796

Tuesday, 01/07/2020 7:21:09 AM

Tuesday, January 07, 2020 7:21:09 AM

It was 1.3 million that was available prior to those three amounts being taken out.
One could logically assume there was 1 million working capital after that quarter with a burn rate equal to the average of these three amounts you list.

Sept. 25, 2019: $90K
Oct. 8, 2019: $115K
Oct. 24, 2019: $125K

330,000 / 3 = 110,000 per month Avr burn rate.
Device by 2 and it is still very low at $165,000.00

Thanks for that answer.

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