Niocorp Developments Ltd (NB)

[DoctorWorm]

Very good.

The 10k confirms your 1.5 estimate later on: The Company anticipates that it may need to raise $9.5 million to $10.3 million, to continue planned operations for the next twelve months focused on
financing and detailed engineering efforts related to the Elk Creek Project. This estimate is net of C$1.5 million received from warrant exercises subsequent to
June 30, 2020.

The warrants expiring through 9/14 would have brought 1.2C so it's a good bet they were all exercised. If the CEO is content with extending his loan deadlines and the price stays above .60 or so then it's a good bet that the warrants alone can maintain the status quo for the next year.

Oddly enough the average price of the warrants remaining as of 6/30 is almost exactly the 200 mda, so that's still the entry target IMO.