Its even more compelling when you consider they already have a...

Its even more compelling when you consider they already have a mining lease

Correct me if I am wrong but a significant amount of environmental work is required as part of a mining lease application so you would think there is less risk on that front than most projects

With capex potentially less than $100m then I cant see any reason why they cant debt finance the majority of the capex.after all with those numbers it will only take them 6 months to pay it back

$100m is chicken feed for a Chinese company that could get 3-4mtpa off-take

3 things are holding it back IMO

1. Access to infrastructure: whilst not a certainty there is a pretty good chance they will get it
2. Size of resource: only a small mine life at this stage but I think further drilling will extend this
3. Funding: will be a given if they can sort out the first point

I think some of their other iron ore projects also warrant some attention too