Niocorp Developments Ltd (NB)

[Boilermaker1]

PC, I agree
We will probably end up over 70% debt and <30% equity. I was calling the Yorkville Financing all equity but I think that is a bad assumption. I went back and read that agreement. My first reaction is boy is this complicated and way over my head. It does appear that it is some combination of debt and equity. We really don’t know the exact ratio because there are a lot of warrants that might or might not be exercised. Two things that I did learn from my review:
Niocorp does not have access to that financing until the Nio GX merger takes place.
The Yorkville arrangement automatically becomes void if the Nio GX merger fails.

Looks to me like it is all or none, both deals or no deals.I agree with you. I want to see shovels in the ground this spring. This has gone on for too long. If I had a choice between 75% debt now and construction starting now OR maybe we can get 80% debt next year, that is a no brainer. When construction gets under way the stock will start up. I want that to happen this year.