Niocorp Developments Ltd (NB): I emailed Jim this morning with my conce...

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Re: USAlonewolf post# 106974

Tuesday, 01/09/2024 9:34:08 AM

Tuesday, January 09, 2024 9:34:08 AM

I emailed Jim this morning with my concerns about the dilution assumptions in the Edison report and he immediately replied:

Regarding the Edison note, while we commissioned them to do an independent analysis, the assumptions and conclusions were their own, and there are many elements of their forecast with which we disagree. Their assumption of the magnitude of future issuance of equity, and the price of such equity, is certainly one of them.

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