Thanks Johanna- I was a field engineer, not a design engineer. I worked in power plants all over the world and it was often my job to explain complicated technical stuff (not design it, but explain how it worked.) In my career I met lots of Secretaries who know a WHOLE lot more than their job title might indicate.
As I have tried to explain, I am very optimistic about Niocorp, but do not want people to have unreasonable expectations. I did not mean to "beat a dead horse" in my long explanation of construction working hours. But, I want to get across that there is no magic wand in heavy construction. You cannot just throw $$'s at it and expect it to speed up. A lot of this stuff has to happen in sequence and there is really no way around that. The sequence is not a mystery. Look at page 434 of the revised study. This is listed as page 458 in Adobe Reader. That is the schedule, it shows the sequence. It is not my opinion, it is Niocorp's opinion. It is approximately three years from full authorization until first ore. I really doubt "full authorization" will happen before "full financing." So, the "three year clock" has not yet started ticking. Hopefully it will start in the next couple of months.
Page 432 (Adobe 456) says:
The duration of the Project is 42 months from Authorization to Proceed to First Metal, plus an additional 3 months for Ramp-up to 80% of commercial production, for a total of 45 months.
I DO NOT think having a realistic outlook will hurt the stock price. I think publishing a realistic schedule that competent experts can evaluate as reasonable, obtaining financing, starting construction, and STAYING ON that schedule will be very positive for the stock price. Promoting unreasonable and overly optimistic expectations and failing to live up to them most definitely WILL. JMHO
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