The last quarterly reported indicated operating expenses for the first three months of the year averaged to $450k/month and that it was anticipated the company would need $6MM to fund the next 12 months of activities so $500k seems like a more accurate "burn rate".
I am more interested in knowing how and when Nordmin is being compensated.
500k burn rate per month does not seem overealistic and Nordmin would have to enter into a binding contract with Niocorp for more than 1$ in order to move forward with the engineering preliminaries at the very least I would think? All in all these are just best guesses on all our parts. It doesn’t diminish the sense from these current releases that both are positive and could definitely effect the final Capex moving forward... I remain long and will continue like many here to hold and believe that Mark and company are working deligently towards financing closure... Each one of us has an opinion and it is very cool to read many of the board members posts here. Chico237
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