My bet is now that permits are probably 6 months away, financial...

My bet is now that permits are probably 6 months away, financial parties are now inclined to wait until that permit lands, positively or negatively. A year ago when permits were so far in the future, Talga + Lkab + Mitsui thought to move ahead and get a deal. Honestly, without the permit maybe lkab thought that they could get a very good deal, for taking on that risk.

So, the order is
1. Lulea plans continue more or less on schedule.
2. Drilling results continue to come in, look fantastic.
3. Mark submits applications for EU funding. The applications are received and tentatively approved, waiting sometime in Q3 2022 for permit green light.
4. Everybody waits until the permit. Why not wait until there is certainty? It is only 6 months. Most of us have already waited longer than that. Some true rockstars have waited more than 6 years.
5. Permit comes in, funding comes in. MT signs enough offtakes to secure funding to build what he needs to build, waits until 2024 to 2025 to commit more. But always leave 20% of anode to sell on the open market to the highest bidder.