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bcomaha

04/28/20 1:51 AM

#60557 RE: tedro84 #60550

So when money was thin Niocorp should have done another private placement to get those things checked off, even before the county approved the land for Niocorp's intended use, & even before the state had approved the air permit, right?

How many of the items you listed can be done simultaneously, once the above have been approved?


Wasn,t the surety bond amount lowered a while back due to the onset of construction being further out than originally planned? I would guess that amount can be raised when the time is necessary?




"Your air permit is a nothing burger" see page 58 (1.21.1)


• The critical path sequence of activities follows:
o Completion of the air permit.
o Completion of drilling, sampling and final hydrogeological investigation.
o Engineering and procurement for shaft sinking and mining components.
o Construction of temporary power plant for shaft sinking and construction activities.
o Construction of the temporary freeze plant for shaft sinking activities.
o Establishing commercial natural gas and electricity service to the Project site.
o Construction of the backfill plant.
o Sinking both the production and ventilation shafts.
o Underground mine infrastructure.
o Completion of commissioning of the processing plant up to First Metal.
o Ramp up of processing plant to full production capabilities.