Niocorp Developments Ltd (NB)

[Boilermaker1]

Niocorp does not follow your schedule
The demo plant is scheduled to run for two weeks. Jim assured us he would put a PR when it commenced operation. No PR means those two weeks have not started yet. After the two week run they must crunch the numbers and use the data to update the FS. They need to know the % recoveries in order to update the FS. If Jim issued that PR tomorrow, I would be amazed if the revised FS is issued by September 1. Potential financiers have investors and BODs. They expect the people making decisions to make them on the best available data. They know there will be a lot more data available in the next 2-3 months. I believe there will be several PRs in that period. First one will be demo plant is in operation. I believe Jim will keep us updated with results. I am anxious to hear confirmation that the revised flow sheets for processing work.I am very interested in % recover for REEs. You can come back with all the vengeance you want or you can face reality. The mine is not going to get built without financing. Financing is not going to happen until financiers see all this data. I really doubt they will start signing papers the day after they see it. No amount of vengeance is going to change that. It will however help to depress the stock price.