Niocorp Developments Ltd (NB): Walter What Mark would own in the ca...

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Niocorp Developments Ltd (NB)

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Re: None

Tuesday, 01/14/2020 11:00:29 AM

Tuesday, January 14, 2020 11:00:29 AM

Walter

What Mark would own in the case of a default would be Niocorps assets.
If I understand correctly, Niocorp does not own the land or the mineral deposit yet... The asset would be options to purchase land and mineral rights. In that case, he would be right back where we all started, obtaining financing to purchase that land. No point in that.

I would assume that if there is an issue with repayment (I do not expect this...) M.S. and Niocorp would simply extend the payoff period for the loan.

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