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Re: SkiFunds post# 85308

Monday, 10/24/2022 1:34:47 PM

Monday, October 24, 2022 1:34:47 PM

Post# of 128995
Exactly - IMHO - It specifically says (on Page 20) in the NioCorp “Presentation” that in Q1 2023 NioCorp expects to issue updated Feasibility Study incorporating rare earth economics.

Working backward in time. Once “Material News” like the results for the L3 Demonstration Plant, NioCorp has 45 days to produce a revised FS.

IF the revised FS is produced in January of 2023, that means the news was released 45 days earlier.

That tells me we will NOT be seeing the results from the L3 Demonstration Plant until sometime in mid-November or around the Thanksgiving timeframe at the earliest.
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