I have always said that NioCorp share price (pre any RS ratio) would be trading one day - in the not to distance future $40-$50 /ps ! (that sounds realistic to me).
Conversely with a 1:10 reverse split ratio — Nasdaq — NioCorp would have to achieve a $400-$500/ sp to washout similarly! That seems to be a “tall order”? but maybe? who knows! …