Niocorp Developments Ltd (NB)

[Rader1977]

Jim Sims, if you read this board, let me suggest a plan forward to appease investors.

RESPONSE:
"There are several months of work remaining to complete the FS, including detailed engineering of the new process flow sheet, updated mineral reserve calculation, updated CAPEX and OPEX estimates, updated market analysis and product pricing, and other aspects. The speed with which we proceed is driven by availability of funds, as you would expect.

While we now accept the revised FS will require additional millions in funding and will include multiple categories of additional reports, there are no SEC regulations that prevent NioCorp from releasing a Partial FS, or a Pre-FS.

There must be sections of the Feasibility Study that are complete, so while we wait for the full report - NioCorp can issue a "PFS" - to address:

Resource estimation: An updated assessment of the mineral resources available for extraction (excluding REE)

Mining methods: Evaluation of the most efficient and cost-effective methods for mineral extraction.

Capital and operating costs: Detailed cost estimates for both the initial capital investment and ongoing operational expenses.

Economic analysis: A projection of the project's financial performance, including ROI, net present value (NPV), and internal rate of return (IRR). I'm sure EXIM is asking for these figures. Release them to the market based on proven assay tests. Leave the REE out for now if need be. Or, through a bone by including Demo Plant test results.

Bottom Line, it's clear we are still several months out from the full FS. If there is something in the study that establishes the feasibility of the Elk Creek Mine - Release it now.