Replies to post #111755 on Niocorp Developments Ltd (NB)

[AlwaysOptimistic]

That’s my point. Wait until the new FS comes out. Besides, your background is trading stocks not geology, engineering or accounting.

[OntInvestor]

Now that I think of it, one of the listing requirements of the TSX is the NI 43-101 report. I'm not well versed in mining laws but dropping the TSX would let NioCorp get around these mining standards. I doubt the Nasdaq has these requirements.

https://www.rangefront.com/blog/what-is-a-ni-43-101-amp-what-is-it-used-for

An NI 43-101 report is a summary for potential investors of scientific and technical information for a mineral exploration, development, or production project. This report is required for listing on the Toronto Stock Exchange (TSX) and TSXV.

Intended for the investing public and their advisors, who in most cases, are not mining experts, the NI 43-101 technical report is meant to be complete and fair in nature while also being able to be understood by a non-scientific audience. Therefore, the challenge for the qualified person preparing the report is to present relevant information as well as the nature, importance, and limitations of the reporting, within the guidelines of disclosure and while keeping the reports simplified and understandable to a potential investor.

Here is the history on why the NI-43-101 report was implemented https://www.investopedia.com/terms/b/bre-x.asp

One effect of the Bre-X scandal was to strengthen securities regulation in Canada. National Instrument (NI) 43-101 implemented Standards for Disclosure for Mineral Projects after Bre-X imploded in order to improve the transparency of mining projects. Since many companies in Canada are engaged in mining operations, it was considered imperative to establish a regulatory authority over the industry’s geological practices.