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webpence

05/20/14 11:31 AM

#2669 RE: webpence #2668

"The first of three phases of this program will consist of approximately 4,200 meters of core drilling, with all three phases totalling 12,000 meters if necessary to fulfill desired corporate outcomes."

inversor86

05/20/14 11:32 AM

#2670 RE: webpence #2668

LOL, I doubt they are incurring 3x the cost that was expected weeks ago. Sounds like 4 holes turned into 3, probably a savings.

yezhua

05/20/14 5:53 PM

#2686 RE: webpence #2668

You must not do any DD or just be very bad at it. Read the News before posting incorrect info. Also your off on the amount of money they need to get through feasibility

12000 meters was always the plan!

This is from April;29 news

http://finance.yahoo.com/news/niocorp-completes-review-finalizes-drill-135324798.html


The first scope of work includes a three phase drilling program totaling approximately 12,000 meters. Each drill hole is to be completed for multi-purpose evaluation, including resource enhancement and geotechnical and hydrological review, necessary for inclusion in economic studies on the project. The first phase drill program, totaling approximately 4,200 meters, will be fully evaluated and analyzed prior to commencement of further phases, if necessary. Additional personnel will be utilized for analysis purposes to minimize any downtime between drill phases.