Niocorp Developments Ltd (NB)

[Boilermaker1]

Creative financing
One more smart move that these guys tend to make:
They need power to the site, they need gas to the site, and they need water to the site. That will all cost a lot of money. But, they are NOT paying for any of it NOW. The suppliers of these utilities are installing the power lines, gas lines and the infrastructure to deliver water. They will get reimbursed in the rates they charge for these utilities. In effect Niocorp has shifted some costs that MIGHT be included in CAPEX into OPEX. When they are incurring OPEX they will also have income and cash flow. We can watch for work commencing on any of these items. None of these suppliers are going to commence work unless they are convinced this thing will get built and they will be able to recoup these expenditures. Hopefully we will get the Big F PR before any of this starts. However, if we do see work start on any of this, that probably means there were some NDAs signed and these supplier have seen some info that makes them believe.