Replies to post #112192 on Niocorp Developments Ltd (NB)

[Rader1977]

We’ve already done feasibility studies and we haven’t had this much freaking trouble

New accounting firm, higher standards. It seems Deloitte & Touche is making sure the new feasibility figures are above reproach and will withstand scrutiny, especially when hundreds of millions in potential outside investment is at stake.

Maybe BDO was comfortable haphazardly throwing some figures together when we were just an upstart on the TSX, but we're swimming with big fish now on the NASDAQ.

I'd rather it take longer to get the FS right the first time than to rush it and have to issue corrections down the road.

[AlwaysOptimistic]

Certification by Deloitte? IDK

[stark12]

The process flow is a complete redesign. The economic calculations are different including market analysis, costs, inflation adjustments. Big change is everything dealing with REE. Not a simple update. If they go with rail that requires a redesign of the mine shaft (I think).

Previously we were told the scandium-aluminum alloy facility would not be part of the feasibility study. But we’ve been told a lot of things in the past.

[gwm61]

I think it's time to say the unpleasant things as well. It is also possible that the feasibility study will come to the conclusion that the project is simply not economical and will therefore be withheld from us. We've been waiting for this for far too long. Initially it was said that the update would only take a few weeks. Until at some point the statement came that the update would cost millions. That's no longer credible. You would just have had to forego the exorbitant salary increases to finance it. I know that I'm calling out the management fans again who are now telling us that that's not the case and that other CEOs earn a lot more and so on and so forth instead of dealing with my core message, the usual distraction from the topic ...