If you look at their Web Site under procurement portal, you will see that many contracts have been recently awarded for the construction of the mine. If financing was still a hurddle, I don't think they would be taking the chance of awarding contracts. The financing must be a done deal and the construction will start in the next month or so. At this point, the project is substantially derisked. Their anticipated all-in cost per ton is $70. Spot price of iron ore is expected to stabilize at $120 to $130 per ton. At 8 miilion tonnes per year at $120/ton, we are looking at $300mmm to $400mm of annual cash flow. Very undervalued at this price. I expect this to be a 10 bagger within the next couple of years. Once financing is officially announced, this should be trading north of $4 a share. Once this goes into production, it should be trading north of $10 a share.