Niocorp Developments Ltd (NB)

[Middleborder]

KMack;

I temper my expectations so I can sleep at night.

S/P. I am positive it will go up after financing. When this happens we well start to see warrants exercised which will dilute total shares and limit S/P growth. Some firm was predicting $.90 USD, but did not provide "by when" date. This is an intermediate price.

If NioCorp does a good job implementing the actual construction of the mine and processing facilities and are able to keep costs under budget there should be more interest and another s/p increase.

In 3 years when they actually start processing product and pay back the financing is when we get a realistic valuation, and hopefully exuberant speculation and SP increases that will be the payoff we are looking for.:} (I won't say what this will be, but hoping for $9-10/share.)

I know its hard because you are holding a lot of shares purchased at a higher price than the current. If we are $3/share at year end I would be thrilled and happy to admit that I was wrong! Be positive!