I am not referring to that. They have been working with local banks to finance Phase 1 with a construction loan. Maybe Private Placement money can come in later but that is what they are doing now! IMO When Phase 1 gets completed the rest will take care of itself. Private placements can be done, developers can come into the project. All sorts of possibilities exist.
These are my personal views and not to be construed as a recommendation to buy or sell a security. You should use your own due diligence when deciding to invest.