That’s it, that’s your big concern? They found a slightly different way to say “This is a risky business.” Maybe the CYA language was just written by a different accountant or different lawyer. Maybe all the accountants or all the lawyers got together and said “CYA is number 1, but we need to find a better way to say it.” It all goes back to my original question: Is there some junior miner with ONE mine in development that is 4 years +/- from production that does not put phrases like these in their reports? Finding THAT junior miner would be some serious DD.
I have written many going concern qualifications during my career . At the time I was operational as a Belgian CPA ( 22 years ago) we issued Going concern qualifications for all companies we were auditing when there were no sufficient funds available for the next full year . This is obvious the case at NioCorp but we are invested in NioCorp because we are confident that Big Financing will happen.
Just for information , out of the many going concern qualifications that I wrote only one company went bankrupt; An asbestos producing company; The funny thing is that I had written going concern qualifications for 5 years for that company , but the company survived every time; I only read about the bankruptcy after I retired and read about it in a newspaper when I was on vacation in Spain .
But this will not happen to NioCorp; They are not going to drop the ball.
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