Niocorp Developments Ltd (NB)

[douginil]

If I remember correctly they stopped drilling when they had enough data to proceed with the first FS. The cost of drilling through the 200m or so before getting to the "good" stuff is very expensive.

I suggested a few months ago that the 2023 FS should include funds to drill 2-4 really deep holes to try to find the bottom. Also funds to define the outer edges of the overall ore body and maybe some infil holes. Maybe they could drill some key holes and then collar them when they enter the ore body to limit the cost.

I agree it would be nice to get a full picture of the ore body. Plus the information obtained could provide a periodic "boost" in the share price while the mine is being built. Also the ore coming up could be run through the operation in Canada to obtain processing information before the different mineral mixes have to be processed in bulk.