Niocorp Developments Ltd (NB)

[stark12]

From the article:

"The Railveyor system is a tried-and-true technology that has been in operation for years in underground mines," said Scott Honan, NioCorp's Chief Operating Officer. "NioCorp is examining this option very seriously, and we do not anticipate that choosing this technology pathway will delay an update to the Feasibility Study for our Elk Creek Critical Minerals Project."

So why are we only hearing about this recently?? Given the information about CAPEX and OPEX reductions, perhaps designing this into the previous FS would have presented a better package for investors and financers.

Went down a similar waste of time and money getting permitting and other requirements to pipe water to the Missouri River. That design was cut when ground freezing was subsequently adopted and a new FS was released. The issue I have is the ground freezing technology wasn't new either.

Makes management look ill-informed and making bad decisions when these "new approaches" (which are really old approaches) are subsequently touted.