AO- I agree Any entity that can finance a project this size does some serious DD. They have seen all the PRs that we have seen. They know Niocorp is sitting on a major REE resource. Niocorp has said they believe they can extract and refine those REEs. A financier will say “That’s nice, now prove that you can really can do that on a continuous 24 hr/day basis.” The demonstration plant provides that proof. I am sure they have seen Scott’s revised flow sheets for the whole processing plant. They will want proof that all that can be done. I think this demo plant is a crucial step.
They have probably seen the video in which Mark says he thinks we will see some significant improvements in CAPEX and OPEX. A financier will say “That too is nice, now show me the numbers and also show me exactly how much effect these additional products will have on cash flow.” Potential financiers know all this info is forthcoming. I just don’t see them making any major move until they see this info.
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