Not so fast Fast track to production in 2016 if..... the PEA comes in favorable to warrant a pre feasibility and then a feasibility study. Then undergo an environmental study barring a huge stumbling block and setbacks with the natives from the area. Toyota will bow out if met with any major resistance in any of these undertakings. At any rate, 2016 is a long way off with the company being hopeful for any kind of production start-up by then. Toyota's interest means little at this point with 5 years to languish through each these phases and could always bow out at any time, regardless of a jv formation with MAT . Just a little too early to celebrate. Or go hog wild purchasing MAT shares just yet. Lots of consolidation to come still on the rocky road of market volatility in the next 4 to 5 years.