Replies to post #24080 on Niocorp Developments Ltd (NB)

[TO Double D]

It's a mere $729,000us (1,000,000can) and the burn rate for Niocorp is around $675,000 per month. I am guessing Mackie went to the company, not the company going to Mackie. I see this more of a good faith deal to Mackie who has partnered with Niocorp over the last several years. The capital raised from this deal is not significant to the company, but having institutional investment before the FS is a positive barometer as to how the project is going. JMHO