PEA out! First impression:CapEx of 3.7B is high. We WILL need one or more partners. Probably Chinese.Opex of 25/t is nice. If we use a 100/t LT 66.5iron ore price (40% discount to current spot), that's a 1.5B annual cashflow, and payback within 3 years. We now just need cooperation with the natives (should be ok), and find ourselves a partner with big pockets ( a pity Quebec is quite far away from China)Conclusion: CapEx will be the biggest hurdle. But with 1.5B CF per year, I think there will be a few Chinese or Indians knocking at our door, or why not some American corporations or ArcelorMittal.