The project isn't going anywhere until they sign a toll...

The project isn't going anywhere until they sign a toll treatment agreement within an economically viable distance from the mine.
They have a few nearby options so there is a pretty good chance they will find something. But nothing is guaranteed until it's signed.
I'm willing to wait for this and jump in at a higher sp if need be.
I'm also waiting for more specifics re funding of capex/opex/start up costs. The project economics are very attractive so its possible they might find a strategic investor or do a deal with a toll treatment company - but its more likely another cr will be needed.
Either way I like the look of things so far and anyone willing to invest now should see very good returns if/when the project is derisked.