Mark could use the Largo funds to start the Niocorp mine and access the German loan. This gets the project going significantly derisking the project. Niocorp's share price should continue to climb as the project progresses which will drastically reduce dilution when Niocorp taps equity to finish the project. Mark said minimizing dilution is one of his goals and this on way to reach this one... I am not sure if this is how the process works but I think it is a viable possibility...