Do you think they would need to secure the full capital before...

Do you think they would need to secure the full capital before making an FID and getting started ordering the kiln amd getting early construction underway?
Or is there a scenario that something like NAIF get on board even without the rest of the capital secured, and they would put that to work with kind of a fingers crossed the V market improves and funding is found when needed?

Seems a risky proposition, just wondering if there is a precedence of any other companies doing that?