Niocorp Developments Ltd (NB)

[Middleborder]

Big Casino 1518

My thought about farming on the site properties.

I'm pretty sure that they will start work only on the parcel where 2 main shafts and the processing facility will be built, and the farmer probably hasn't and will not plant that area. If there are unused fields on that particular farm which are planted with something like winter wheat, Real Estate Sales contracts will generally provide the selling owner the right to harvest any growing or standing crop or for reimbursement for their value. **This parcel would be the parcel to monitor.**

Farmers owning the other optioned parcels should be able to plant this year and possibly later years. If my memory is correct Niocorp has options on something over 1200 acres of land. I doubt they will be working on more than 100-200 acres this year. (Pure assumption only.) Even once Niocorp purchases these parcels management will, or should, rent out any parcel not under development. This may apply to much of the land which may never be surface developed, since Niocorp is interested in the mineral rights under the land, and will--if I understand correctly--access the target minerals 1200 feet below the fields from corridors extending from the two main mine shafts.

Again, my thoughts. No special access to Niocorp info.

(Off to do other things!)