Niocorp Developments Ltd (NB)

[NorCalTommy]

All GREAT questions Demo Man! Exactly the questions i have as well!

I am VERY suprised that the Demo Testing and FS updating has stretched on and on and on..... After hearing that there was a Demo Testing Delay (Kiln supply issues) way back in APRIL, and testing did not commence until SEPTEMBER.... and we were told that we would get incremental phase updates ( an update after each phase is completed)... But we still have heard nothing... are we to conclude that we STILL have not completed phase 1 of Demo Testing??? or did they change that format and will not update shareholders until all 3 phases have completed??? hmmmm

I still remain bewildered at how we could possibly move forward with desperation equity financing without having the benefit of the results of Demo Testing and the presumed highly accreditive REE revenue and cost saving processing efficiencies!

I would also be stunned if we did not have at least ph 1 demo testing results prior to the conferences next week! It would seem to be laughably counter-intuitive and a major example of 'putting the cart before the horse'.. if we have a major role at the REE conference WITHOUT HAVING CONFIRMED THAT NIOCORP IS INDEED PRODUCING REE's.. What would we tell the conference audience...... "Thanks for coming, and we hope you enjoy the Niocorp provided lunch, we are aware that this is a REE conference, as such, Niocorp feels very confident that we are going to be producing REE's, but with all the ongoing testing issues, we have still not completed the demo plant testing, but again, please enjoy the lunch... and we will be working around the clock to confirm our mine production plans- and will let ya'll know as soon as we figure it all out"....

sheeeeeez.....

NCT