Replies to post #111849 on Niocorp Developments Ltd (NB)

[Prudent Capitalist]

All very positive Walter. Thanks for sharing those responses from the company.

[monocle]

Thanks for posting that Walter.

Regarding 1) that they still need to raise money to finish the process with EXIM is disappointing. That won't be closing anytime soon and they need a real source of capital soon.

2) Surprising to hear Jim defend Yorkville. Talks about investors having various reasons for saelling, one of them surely is the effect that Yorkville selling is having on the share price.

3) this had better be a home run of a feasibility study if they're in the beginning stages of considering new processes to add at this point. As soon as possible in 2024 means they need to start pretty soon.

I appreciate Jim candor, this just isn't a very upbeat update in my opinion.

[dutchfree]

Thanks Walter!

[MasstrichtMan]

He didn't actually answer your question - "The FS does not cost 20 million does it?"
How much do they need to complete the FS? Knowing this would help us all understand how much more time this is going to take..

[PutzMueler]

Thanks Walter, They probably visited Vale’s mine in Sudbury Ont. Nickel, Cobalt, Platinum group CM’s. The ore body has water in it that is corrosive as Jim stated matter of factly in his responses to your query.
Railveyor has a few operations in Canada.
Another Railveyor system is with Agnico-Eagle gold mine in Quebec

Vale is a large miner with many mines using that system.

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Perhaps we will merge with Vale haha.