1. 70/30 in favour2. I've seen nothing to suggest he's capable, that's not to say he isn't.
3. I haven't seen the performance data, we hear it's good. It's worthless without point 1.
4. They're burning too much cash, mainly due to delays (everyone thought LKAB or Mitsui would be onboard by now), again this is a 70/30 bet, perhaps all or nothing. Project has not been de-risked. Delays with permits may be fatal.
I knew all of the above before I invested. The only change since then is MT missing deadlines. I have no intention of selling (yet); concerning none the less.
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