RE:LCP7777One excellent point you had is that the mine is long lived. This does help a lot! I'm just saying they will now have to finance with a "underwhelming PEA" as some Euro guy said. To get the FF into robust form I stand by my statement that they will need to find better/cheaper (bigger margins) and that is done by the metallurgy. The project has to be robust with reasonable numbers. I think Largo had over a billion shares before it was rolled back and now its back up to 200MM. That's what happens if the commodity price softens. So a discount is appropriate. Not a premium. Also I already said I agreed some cap ex savings could be found thru engineering Thanks for letting me know PD say's 9.6 out of 10 chances on getting the mine built. MS and CS is fluff until they act. Just like the TK offtake has zero cash component - its fluff. Management also said (not on the phone -in writing) in their last MD&A a month ago: As noted above under “Exploration and evaluation assets”, the Company has completed the infill drilling program and the Technical Report, and is currently completing the PEA. The next step in the work program is the completion of the Feasibility Study. Management estimates that completion of the Feasibility Study and ongoing project and operational activities will require funding of approximately US$7 ‐ US$8 million through completion of the Feasibility Study. and also (this was after all financings except some wt exercises and now option exercises that came in since they had negative net cash March 31st): As of March 31, 2014, the Company had a working capital deficit of $0.8 million compared to a working capital surplus of $1.1 million as of June 30, 2014. From April 1, 2015 through May 15, 2015, the Company received cash proceeds from the exercise of approximately 1.5 million warrants totaling $1.0 million. The Company cannot predict the timing or amount of additional options and warrants that may be redeemed, if any. So baby steps first. They need at least $10MM to do more work just to get to the FF. Then they have to find the $915MM.