RE:RE:WHATS NEXT....
Banks won't finance an entire project like this, without guarantees / security etc.. They will have to do either a financing , a mix of financing and some bank debt, or partnership with someone with deeper pockets.
They really need a rificulously small amount of money for the CAPEX for phase 1. The reason why I am more bullish on things getting some traction is because of Mr Whalen's involvement. He comes from the finance/investing industry and is well aquainted with lots of people with deep pockets. He has raised a lot of money in the past. If anyone can get things moving , it will be him.
The deposit is there, we just have to negotiate a reasonable win:win deal. They finally have someone with the experience and connections to do this.
Fingers crossed,
Mymoolah2